JOC Staff | Feb 27, 2013 4:44PM EST
Sens. John Davison “Jay” Rockefeller, D-W.Va., and Frank R. Lautenberg, D-N.J., have introduced legislation that they say would leverage federal investment to rebuild and expand transportation infrastructure.
The American Infrastructure Investment Fund Act of 2013 would establish a $5 billion fund to provide incentives for private, state and regional investments in transportation projects nationwide by providing eligible projects with financial assistance.
“This bill would establish a creative new way to leverage federal funding and increase investment in projects that will expand rail capacity, like the Gateway Tunnel, and projects that will modernize our ports and other infrastructure to meet the growing demands of the 21st century,” said Lautenberg in a written statement.