Fix-It-First
is a program for infrastructure investment proposed by President
Barack Obama
during his State
of the Union address. The program focuses on transportation
infrastructure.
One aspect of the program is aimed at attracting private investment.
Some types of infrastructure, such as highways,
have had difficulty attracting private investors because there is no revenue
source for most roads. (In contrast, water
and power
utilities are often privately owned sometimes entirely financed by private investors
because they can charge fees for the use of their infrastructure).
Proponents of the program, and of infrastructure investment generally,
tout it as a job-creating
measure. Transportation agencies plan on long scales, and many will have
projects that are far along in the planning and possibly even design process that
could implemented relatively quickly if funding was available (about as close
to shovel-ready
as infrastructure projects get).
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