President Barack Obama today will propose a six-year plan to rehabilitate the nation’s transportation infrastructure with an initial $50 billion to help spur an economy that’s lost jobs for three straight months.
Obama will announce the program to fix the nation’s roads, railways and runways to union families at a Labor Day rally in Milwaukee scheduled for 3:10 p.m. New York time, the White House said in a statement.
Two months before congressional midterm elections, Obama will call for the formation of an “infrastructure bank” and request money to rebuild 150,000 miles (241,400 kilometers) of roads, construct and maintain 4,000 miles of rail, and overhaul 150 miles of runways, the statement said.
“This plan would build on the investments we have already made under the Recovery Act, create jobs for American workers to strengthen our economy now, and increase our nation’s growth and productivity,” according to the statement.
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