Some $120 billion will be spent on infrastructure as a part of the $787 billion economic stimulus package passed by Congress. The establishment of a National Infrastructure Bank was not included in the final recovery plan. As a result, other than an overall stimulus in infrastructure spending by the federal government, the funding practices for public works projects – largely for highways and mass transit – remain the same. Still, it is not yet clear how a National Infrastructure Bank would function.
A breakdown of the progress of the National Infrastructure Bank so far
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