Americans using our outdated roads, bridges, trains, and airports confront the need for better infrastructure every day. American businesses experience it too: our economy loses $80 billion annually because of blackouts on outdated grid infrastructure and traffic congestion. Our urban water and sewage systems are also overwhelmed and in ill repair due to aging water infrastructure. The World Economic Forum’s (WEF) Global Competitiveness Report ranked the U.S. as 19th in overall infrastructure out of 148 countries surveyed.
Senator Warner, who is chairman of the Senate Commerce Committee’s Subcommittee on Surface Transportation, has led a bipartisan coalition in introducing smart new tools to help our states and localities unlock billions of dollars in additional private investments at a time of very favorable interest rates. His bipartisan legislation will not only put Americans back to work but also help to expand U.S. commerce and trade, keeping American businesses competitive and creating even more jobs here at home.
The Building and Renewing Infrastructure for Development and Growth in Employment (BRIDGE) Act, will help close America’s widening infrastructure gap, create millions of jobs in the next decade, and ensure America’s global competitiveness in the 21st century by establishing an Infrastructure Financing Authority to complement existing funding mechanisms and expand overall infrastructure investment. This institution, which would provide loans and loan guarantees, would be both fiscally responsible and robust enough to help address America’s infrastructure deficit.
RECENT NEWS
The BRIDGE Act is drawing broad support from stakeholders and industry experts. READ MORE.
Sen. Warner Leads Bipartisan Coalition in Introducing BRIDGE Act. READ MORE.