WILMINGTON, Del. (AP) – With federal transportation funding about to run dry, President Barack Obama is taking steps to boost the flow of private dollars into public works projects.
The new initiative is designed to encourage collaboration between state and local governments and private-sector investors, expand the market for public-private partnerships and make greater use of federal credit programs. Obama was to announce the initiative in Delaware, using the recently closed I-495 bridge at the Port of Wilmington as a backdrop.
The bridge was closed indefinitely last month after four support columns were found to be tilting, forcing 90,000 daily drivers to find another way through downtown Wilmington. Officials think a mountain of dirt that was dumped there by a contractor caused soil beneath the bridge columns to shift.
Obama’s trip is part of a broader effort to press Congress to keep money flowing into the Highway Trust Fund, the source of federal aid to states for surface transportation projects. The fund is expected to begin running out of money next month unless lawmakers act.
Before going to the port, Obama stopped at the Charcoal Pit for a cheeseburger lunch with Tanei Benjamin, the single mother of a 6-year-old daughter who wrote him a letter last year about her personal situation. The White House said that after reading Benjamin’s letter, Obama sent it to his senior staff with a note at the bottom that said: “This is the person we are working for.” Obama has been meeting with the authors of some of the 10 letters he reads nightly, part of a White House push to get him out of Washington and interacting with everyday people.