Select Page

Trump infrastructure plan: The White House will release the principles of Trump’s long-touted $1.5 trillion infrastructure proposal on Monday — a plan which leans on state and private investment as key, driving factors to finance the effort.

The administration is expected to present a plan that puts $200 billion in new federal funds into the effort, according to a senior administration official, who briefed reporters over the weekend on condition of anonymity: $100 billion on “incentives” to match state, local, and private investment spending on infrastructure projects and $20 billion for expanding federal loan programs that focus on various kinds of infrastructure (rail, water, transportation).

The administration has pushed for public-private partnerships to spur infrastructure action across the United States, even as NBC News has reported that Trump himself is waffling on the funding idea.

The current plan, said the official, would also allocate $50 billion for rural infrastructure projects that will be block granted to states, and another $20 billion for “transformative programs” that have an eye towards “next-century-type” infrastructure projects. Finally, the administration plan asks that Congress spend $10 billion on a capital financing fund.

“Every federal dollar should be leveraged by partnering with state and local governments and, where appropriate, tapping into private sector investment — to permanently fix the infrastructure deficit,” Trump declared in his State of the Union address.

Asked how the $200 billion infusion would be paid for, the senior administration official cited “a whole series of places where the administration is suggesting reduced funding” in their soon-to-be-released budget, declining to be more specific than an assurance it would be paid for “out of savings from other areas of the federal budget.” The White House is also planning to release its version of the federal budget Monday. Read more

Read also: US releases crazy video of an A-10 Warthog decimating a Taliban vehicle in Afghanistan

Trump infrastructure plan: The White House will release the principles of Trump’s long-touted $1.5 trillion infrastructure proposal on Monday — a plan which leans on state and private investment as key, driving factors to finance the effort.

 

The administration is expected to present a plan that puts $200 billion in new federal funds into the effort, according to a senior administration official, who briefed reporters over the weekend on condition of anonymity: $100 billion on “incentives” to match state, local, and private investment spending on infrastructure projects and $20 billion for expanding federal loan programs that focus on various kinds of infrastructure (rail, water, transportation).