An infrastructure bank would also be set up, with the aim of leveraging a further US$225bn of investment.
Hillary Clinton's Infrastructure plan: Building tomorrow's economy today mentions how projects such as the Hoover Dam and the interstate highway system paved the way to US prosperity.
As a share of the economy, federal infrastructure investment is roughly half of what it was 35 years ago, says Clinton鈥檚 plan. 鈥淓stimates of the size of our 鈥渋nfrastructure gap鈥� register in the trillions of dollars,鈥� it says.
Clinton would increase federal infrastructure funding by US$275bn over a five-year period, fully paying for these investments through business tax reform. Of these funds, she would allocate US$250bn to direct public investment. She would allocate the other US$25bn to a national infrastructure bank.
The idea is that the bank would leverage its US$25bn in funds to support up to an additional US$225bn in direct loans, loan guarantees, and other forms of credit enhancement.
The bank would also administer part of a renewed and expanded bonds programme, and would look for opportunities to work with partners in the private sector.
.According to the White House Council of Economic Advisers, every US$1bn in infrastructure investment creates 13,000 jobs.聽 Moreover, the vast majority of the jobs created by infrastructure investment pay above the national median.
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