(MIAMI) — President Obama will pitch his plan to create jobs by attracting private investment in public work projects during a trip to Miami on Friday, according to a senior administration official.
Obama will push Congress for billions of dollars in infrastructure spending and outline the “Rebuild America Partnership” to leverage private investment during a visit to PortMiami, which is undergoing a $2 billion renovation funded by government and private money.
Expanding on the proposals outlined in his State of the Union address, the president will call for a $40 billion “Fix-It-First” program for urgent infrastructure repairs and urge Congress to create a $10 billion national “Infrastructure Bank.”
The official would not detail how the infrastructure proposals will be paid for but said they will be included in the president’s budget, which will be released on April 10.
Copyright 2013 ABC News Radio
Jim Acosta and Greg Clary, CNN
Stephen Collinson and MJ Lee, CNN
Ryan Browne and Evan Perez, CNN
Euan McKirdy, Bryony Jones and Barry Neild, CNN