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Obama will promise to speed up construction projects by reducing red tape
Obama will promise to speed up construction projects by reducing red tape

President Obama on Wednesday will promise to speed up major construction projects by cutting federal red tape, part of his push to show he can make an impact without relying on Congress. Obama plans to head to New York State's Tappan Zee Bridge, site of one of the biggest engineering projects in the country, to announce his efforts to speed up infrastructure projects. A replacement to the nearly 60-year-old bridge is under construction, with a price tag of at least $3.9 billion. In December, federal officials awarded the project a $1.6 billion low-interest loan, the largest given through the Transportation Infrastructure Finance and Innovation program. Obama will use the story...

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