@dougmillsnyt: A young girl greets President Obama as he arrives at the New Castle Air National Guard Base, in New Castle, Delaware.
• • •
@dougmillsnyt: Obama is reflected through the window as he greets customers at the Charcoal Pit to in Wilmington, Del.
• • •
President Barack Obama speaks about transportation and an initiative to increase private sector investment in national infrastructure, at the Port of Wilmington in Wilmington, Delaware, near the Interstate 495 Bridge. The federal government is helping pay for repairs to the bridge, which state officials ordered closed on an emergency basis last month because several supporting columns were tilting.
• • •
President Barack Obama signs a initiative to increase private sector investment in the nation’s infrastructure after speaking in front of the Interstate 495 bridge over the Christina River near Wilmington, Delaware
• • •
"We’ve got to make sure our economy works for every American. That’s why I ran for President. It’s what I’m focused on every day." —Obama
White House: Fact Sheet: Building A 21st Century Infrastructure: Increasing Public And Private Collaboration With The Build America Investment Initiative
Today, the President will deliver remarks at the Port of Wilmington in front of the I-495 Bridge in Delaware. With 90,000 cars moving over it per day before repairs began, this bridge is a key example of the importance of infrastructure, which keeps the economy moving, spurs innovation, and bolsters our national competitiveness. At the port – and in this Year of Action – the President will announce a new executive action to create the Build America Investment Initiative, a government-wide initiative to increase infrastructure investment and economic growth. As part of the Initiative, the Administration is launching the Build America Transportation Investment Center – housed at the Department of Transportation – to serve as a one-stop shop for cities and states seeking to use innovative financing and partnerships with the private sector to support transportation infrastructure.
That is why today, the President will sign a Presidential Memorandum to launch the Build America Investment Initiative, a government-wide initiative to increase infrastructure investment and economic growth by engaging with state and local governments and private sector investors to encourage collaboration, expand the market for public-private partnerships (PPPs) and put federal credit programs to greater use. Starting with the transportation sector, this initiative will harness the potential of private capital to complement government funding. As part of the Initiative, the Administration is launching the Build America Transportation Investment Center: Housed at the Department of Transportation, this center will serve as a one-stop shop for state and local governments, public and private developers and investors seeking to utilize innovative financing strategies for transportation infrastructure projects.
President Barack Obama meets with Tanei Benjamin at the Charcoal Pit in Wilmington, Del., before speaking about transportation and infrastructure. Benjamin wrote the president a letter about her struggles as a working single mother.
President Obama holds Jaidyn Oates, 7 months, at the Charcoal Pit in Wilmington
President Barack Obama holds seven-month-old Jaidyn Oates during a stop at the Charcoal Pit
Tanei Benjamin wipes tears from her eyes after receiving a hug from President Barack Obama