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Senators propose $5 billion fund for transport investments

Infrastructure Development

Wednesday, February 27, 2013

Sen. Jay Rockefeller, chairman of the Senate Commerce, Science and Transportation Committee, and fellow Democrat Frank Lautenberg filed a bill Tuesday that would create a $5 billion fund to finance large-scale transportation projects by partnering with private sector and state/regional government investors. The fund would essentially act as an infrastructure bank, an idea that has been previously proposed by President Obama and other lawmakers. But the term "infrastructur...

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