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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