Obama stumps for infrastructure investment at Delaware’s I-495 bridge [video] — NewsWorks

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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.

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“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

— NewsWorks.

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