Recently, you may have been hearing buzz around “Rebuild Renew,” whether through blogs or Twitter hashtags. All of this refers to a push to rebuild and renew America’s infrastructure. But, why is it suddenly on the radar?
In the last year, two pieces of legislature have been introduced to Congress to establish the American Infrastructure Fund.
Within 50 years of implementation, it is estimated that the American Infrastructure Fund would create over 3 million jobs and provide $2 trillion in infrastructure funding.
The first piece of legislature, introduced last May, was The Partnership to Build America Act of 2013 (H.R. 2084). This proposed legislature would provide funding to various infrastructure projects by establishing the American Infrastructure Fund (AIF). This fund would provide bond guarantees and make loans to states, local governments, and non-profit infrastructure providers to invest in projects for transportation, energy, water, communications, and educational facility infrastructure projects.
On January 17, 2014, a similar piece of legislation was introduced to the Senate. The Partnership to Build America Act of 2014 (S. 1957), also seeks to create the AIF to assist state and local government finance infrastructure projects.
If Partnership to Build America Act is established, how do you think it will help shape infrastructure projects of the future? Post your thoughts in the comments below and interact with us on Twitter using #rebuildrenew.