A new Act introduced to Congress by US president Barack Obama could help to improve what has been described as 'failing' road, airport and port infrastructure in the country.
The new American Jobs Act provides for an immediate US$50bn investment in the transport sector to help improve infrastructure and stimulate job growth, according to a report by IFW.
The Jobs Act offers US$27bn for the restoration, repair and construction of transport infrastructure, with US$5bn designated for capital investments in surface transport, such as freight rail, and ports, including projects that connect ports to other modes, and improve efficiency.
President Obama, who will look to push the projects through a recently issued Presidential Memorandum, called on Congress to pass the American Jobs Act as soon as possible.
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