The Trump Administration on Monday, Feb. 12, released its long-awaited infrastructure plan, which proposes at least $1.5 trillion in new investment across infrastructure asset classes; incentivizing greater state and local funding; shortening the project permitting process to two years; investing in rural projects; and improving worker training. President Trump proposes that the government would spend $200 billion in infrastructure investment to spur states, localities and the private sector to raise the $1.3 trillion balance.
According to the proposal, states, localities and the private sector are asked to "step-up" their presence to catalyze a larger, modernized, and broader investment market. New federal funds would be allotted to boost existing federal infrastructure financing (like the TIFIA loan program for surface transportation) and expand federal financing platforms to reach airports, ports, short-line and passenger rail, rural broadband, stormwater, flood remediation and prevention, Brownfields remediation, and others.
To learn more about this plan, please visit the White House's Legislative Outline for Rebuilding Infrastructure in America.