Trump to outline infrastructure plan on Wednesday - BBG
|On Wednesday, the US President Trump is expected to outline an infrastructure plan that includes federal grants to rural areas as well as to states and localities to create additional funding for projects, according to a preview of the speech provided by the White House reported by Bloomberg.
Key Points via BBG:
The president proposes allocating $200 billion in federal funding over 10 years to spur at least an additional $800 billion in spending by states, municipalities and the private sector. The federal funds will be divided into four categories:
A mixture of grants and loans to “transformative’’ projects, with Trump’s proposal to place the U.S. air-traffic control system under a private, non-profit corporation as an example.
Grants to rural areas to repair bridges, roads, and waterways. Critics of Trump’s approach have raised concerns that rural areas would not be able to use tolls or fees needed to attract private investment.
Enhanced loan programs, with the Transportation Infrastructure Finance and Innovation Act, or TIFIA, as an example of how federal funds can be used with state, local, and private dollars to fund projects.
Incentive programs with grants to states and municipalities to create additional funding for infrastructure.
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