Bond Buyer: Obama budget includes $4 billion infrastructure bank proposal
Feb. 2, 2010 | 10:16 am
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The Bond Buyer reports that President Obama proposes a $4 billion infrastructure bank to finance worthwhile transportation projects in his fiscal 2011 budget.
Total new obligations for surface transportation — including highways, bridges, and a new “livable communities” initiative — would be $43.4 billion, according to the budget. Interstate maintenance, congestion mitigation and demonstration projects would be pared down, but the federal government would obligate more money to federal-land highways, bridges and other programs.
Tagged: Obama, transportation funding
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