Obama pushes transportation money at closed bridge

Published July 17, 2014 11:36pm ET



WILMINGTON, Del. (AP) — President Barack Obama announced a new program Thursday to attract more private money to help pay to build new roads and bridges as he criticized Congress for refusing to approve a more lasting source of funding.

The new program 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.

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