A $5 billion fund set up by the bill — the American Infrastructure Investment Fund Act of 2013 — would provide loans and loan guarantees as incentives to invest in projects that would improve highways, bridges, rail lines, marine ports, pipelines, public transportation and more.
An announcement from the senators says that transportation funding has been lacking in the last several decades, and an investment is needed to modernize U.S. infrastructure and make transportation more efficient and less costly.
See Overdrive sister site CCJ‘s article for more information.