An Infrastructure Bank? We Already Have One

A handful of Washington insiders argue that while Obama is calling for the creation of a national infrastructure bank, there is already such an entity in existence and ready to assume the role.

The bank in question is the Export-Import Bank of the United States, which is "...a self-funded government corporation that carries the full faith and credit of the United States, has been financing multibillion-dollar infrastructure projects and creating American jobs for more than 75 years. Why haven't you heard of the bank? Because it finances these projects in Jakarta, Santo Domingo and Sofia, instead of in Chicago, Dallas and Boston."

The group (including former senator Evan Bayh) say the Ex-Im Bank (as its known) is highly reliable and could easily shift to funding programs here at home instead of only abroad.

Full Story: We already have the infrastructure bank we need

Comments

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $25.
Rome grey gold tie

Tie one on to celebrate your city!

Choose from over 20 styles imprinted with detailed city or transit maps.
$44.95
Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

The Planetizen Guide to Graduate Urban Planning Programs is the only comprehensive ranking and listing of graduate urban planning programs available.
Starting at $24.95