President Obama has renewed his call for an infrastructure investment program to fund the repair of the nation’s roads and bridges. Obama unveiled new proposals at a public event in Florida.

President Obama: “Today I’m expanding on a proposal I made in the State of the Union. I’m calling it 'A Partnership to Rebuild America.' It’s a partnership with the private sector that creates jobs upgrading what our businesses need most: modern ports to move our goods, modern pipelines to withstand a storm, modern schools worthy of our children. Miami-Dade, my main message is: Let’s get this done. Let’s rebuild this country we love. Let’s make sure we’re staying on the cutting edge.”

Obama’s plan calls for spending $21 billion on new municipal bonds, loans for infrastructure projects, and the creation of an infrastructure bank. The White House says the plan would not add to the deficit, meaning it would likely rely at least in part on private funding. The latest report card from the American Society of Civil Engineers gave the state of U.S. infrastructure a grade of D+.