On July 17, 2016, President Barack Obama announced a government-wide initiative to increase infrastructure investment and economic growth by engaging with state and local governments and private sector investors to encourage collaboration, expand the market for public-private partnerships (PPPs) and put federal credit programs to greater use. Starting with the transportation sector, this initiative will harness the potential of private capital to complement government funding.
The Administration has released a set of recommendations which will guide our interagency work over the next two years. Included among those recommendations is the establishment of sister technical assistance efforts at the Environmental Protection Agency and the Department of Agriculture. We’ll also be expanding our work on pre-development funding, and promoting the U.S. Infrastructure market more widely.