By Matt Grady
With the ailing I-495 bridge as his backdrop, President Obama was in Delaware on Thursday to promote investment in infrastructure.
Flanked by well-worn shipping containers at the Port of Wilmington, Obama signed a memorandum that officially created the Build America Investment Initiative, a program designed to create a public/private collaboration in order to increase infrastructure investment and spur economic growth.
“Let’s build some bridges,” Obama said as he approached a desk to sign the memorandum. “Let’s build some roads.”
Obama described the B-A-I-I as a “one-stop shop” for cities and states that seek to partner with the private sector to fund infrastructure projects.
“Lots of states and local governments would welcome more private investment, but they need a partner in the federal government to do some matchmaking and to work through some of the complexities of private financing in infrastructure,” he said.
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via Obama stumps for infrastructure investment at Delaware’s I-495 bridge