9/24/2010

Los Angeles Mayor Antonio Villaraigosa is touting his 30-10 plan to build a transit center with federal loans as a potential prototype project for a national infrastructure bank. L.A. wants to take advantage of low construction costs and build out its transit infrastructure in a decade, a process that normally would take up to 30 years. A proposed national infrastructure bank would finance projects nationwide with grants and loans paired with private funding.

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Reuters

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