Obama pushes public-private infrastructure plans
David Jackson, USA TODAY 9:21 a.m. EST January 16, 2015President Obama delivers remarks in front of the Key Bridge last year in Washington.(Photo: Chip Somodevilla, Getty Images)
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Joe BidenThe Obama administration is proposing new ways to finance road, bridge, and airport projects, including a new form of municipal bond designed to promote public-private partnerships.The Qualified Public Infrastructure Bonds program "will have no expiration date, no issuance caps, and interest on these bonds will not be subject to the alternative minimum tax," said a White House statement.Under another proposal, the Environmental Protection Agency and the Agriculture Department will also use existing federal funds to assist private investment in projects that including drinking-water and waste-water systems.Through these plans, the administration is "calling on federal agencies to find new ways to increase investment in ports, roads, bridges, broadband networks, drinking water and sewer systems and other projects by facilitating partnerships between federal, state and local governments and private sector investors," the White House said.Vice President Biden will promote the idea Friday at the site of a major infrastructure program in Washington, D.C.,the Anacostia River Tunnel Project Site.
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