President Obama’s proposed budget includes funding for a proposed National Infrastructure Innovation and Finance Fund (or I-Fund) of $4 billion to be housed in the Department of Transportation (DOT). It differs from Congressional proposals in that it is a run by DOT rather than the Treasury Department or an independent agency that could finance infrastructure projects other than transportation. A more important difference is that the I-Fund is not a bank, or loan-making program, but a grant program that would not recover funds for reuse in other projects.
Related posts and articles:
As Geithner Touts Infrastructure, Skepticism Persists on $4B ‘I-Fund’ Plan
Benefits and Pitfalls of a National Infrastructure Bank
Budget Proposal Includes Something Like a Transportation Infrastructure Bank
What’s the Problem With a National Infrastructure Bank? Capitalism (And Politics)