Obama pushes transportation money at closed bridge

By Darlene Superville

Published July 17, 2014 11:36pm ET

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Obama pushes transportation money at closed bridge — President Barack Obama speaks in front of the Interstate 495 bridge over the Christina River near Wilmington, Del., Thursday, July 17, 2014, to announce an initiative to increase private sector investment in the nation's infrastructure. The bridge was closed for emergency repairs last month after the discovery of four tilting support columns, and the federal government is helping pay for repairs. (AP Photo/Patrick Semansky) | Patrick Semansky

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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