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 released a set of recommendations that guides our interagency work. Included among those recommendations is the establishment of sister technical assistance efforts at the Environmental Protection Agency and the Department of Agriculture. We will also expand our work on pre-development funding, and promoting the U.S. Infrastructure market more widely.