Highway and bridge rebuilds part of Obama’s US$4bn plans for infrastructure works

In his new budget on Wednesday 10 April, 2013, US president Barack Obama is due to reveal details of a proposed US$4 billion loans and grants investment in America’s roads, bridges and other infrastructure. During a visit to Port Miami, which is undergoing a $2 billion upgrade and tunnel project, the president also repeated a call for a $10 billion "infrastructure bank" to attract investment for projects that will have the greatest impact on the economy. The Obama administration is proposing tax breaks for
April 3, 2013 Read time: 1 min
In his new budget on Wednesday 10 April, 2013, US president Barack Obama is due to reveal details of a proposed US$4 billion loans and grants investment in America’s roads, bridges and other infrastructure.

During a visit to Port Miami, which is undergoing a $2 billion upgrade and tunnel project, the president also repeated a call for a $10 billion "infrastructure bank" to attract investment for projects that will have the greatest impact on the economy.

The Obama administration is proposing tax breaks for foreign pension funds that invest in US infrastructure, and bonds designed to attract investors in larger projects.

According to the president, employment of construction workers for infrastructure projects will increase the nation's competitiveness and reduce jobless rate.

Related Content

  • Road works planned for Ukraine
    March 2, 2022
    New road works are planned for Ukraine.
    Read More
  • Golden route to success
    July 20, 2012
    Built in 1937 and still the ninth longest suspension bridge in the world, the Golden Gate Bridge across San Francisco Bay remains in fine shape despite its age - Andrew Bardin Williams writes The Golden Gate Bridge turned 75 years old on May 27 and continues to play a key role in the transportation, engineering, construction and ITS communities. The structure has played an important historical role, an engineering success that boosted the economy of the region. And it also led the way as the first major pub
    Read More
  • Cowi and Dissing+Weitling win Shenzhen and Zhongshan bridge deal
    April 18, 2016
    Engineering group Cowi and architecture firm Dissing+Weitling have won the tender for construction of a bridge and tunnel project to connect the Chinese cities of Shenzhen and Zhongshan. The US$5.51 billion 24km project in the southern province of Guangdong will include the world’s widest immersed road tunnel, two signature suspension bridges and two artificial islands. The road in the Pearl River Delta will have eight traffic lanes in two directions and a daily capacity of 90.000 cars, according to a
    Read More
  • Golden Gate upgrade works
    March 1, 2023
    Upgrade works are planned for the Golden Gate
    Read More

Highlighted Content