New Infrastructure Investment Corporation: Funding for Roads, Bridges, and More
This act establishes a new government corporation to finance large infrastructure projects like roads, bridges, water systems, and telecommunications. Its goal is to modernize the country and create jobs by supplementing existing funding sources. The corporation will provide loans and loan guarantees, raising funds partly from pension funds.
Key points
Creation of a new entity to financially support major infrastructure projects nationwide, including in rural areas.
Access to low-cost loans and loan guarantees for projects too expensive for states and cities.
Funding will come partly from loans from pension funds, potentially offering a new investment avenue for these funds.
All projects will undergo thorough review and monitoring, with their community impact considered.
Status:
Expired
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