But until recently, it has mainly served as a financing vehicle for the central government to help fund the construction of airports, highways and other infrastructure projects.

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There have been severe delays in all 12 cities chosen to stage matches, particularly in the construction of stadiums and upgrading of airports, most of which were built before the end of World War II and have reached saturation point in terms of the volume of passengers flying to and from the country.

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"Putting all of the London airports together in one monopoly leads to high charges and the construction of marble palaces, " he told the newspaper.

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The American Jobs Act includes an immediate investment in employing construction workers to restore 150 miles of runway at American airports and put in place a next-generation air-traffic control system to reduce travel time and delays.

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I've been pretty vocal about how important it is to put these transportation investments into action and get hundreds of thousands of construction workers back on the job rebuilding our roads, bridges, airports, and transit systems.

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Let's create a Veterans Jobs Corps that can hire police officers and firefighters in communities that need them. (Applause.) Let's get a whole bunch of construction workers to rebuild our roads and our bridges, our ports and our airports. (Applause.) Let's rebuild our schools.

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