January 24, 2018
Leaked Trump infrastructure plan includes incentives for rural transport, broadband, utilities
A leaked draft of the Trump administration’s infrastructure plan, obtained by Axios, shows plans to spur major development in rural areas. The plan names no specific dollar amounts, but appropriates 25 percent of its budget to fixing five parts of rural infrastructure: transportation, broadband, water and waste, power and electric, and water resources, Jacob Pramuk reports for CNBC.
Another 50 percent of its budget proposes to create grants to encourage state, local and private investment in infrastructure. “Another 10 percent would go toward a “transformative projects program” to fund “exploratory and ground-breaking ideas,” Mark Moore reports for The New York Post.
“The White House has previously promoted a $1 trillion infrastructure plan. Previous reports indicate it would aim to spur $800 billion in state, local and private spending with $200 billion in federal spending,” Pramuk reports.
White House spokesperson Lindsay Walters told Pramuk that the administration would not comment on the leaked document, but would present its plan in the “near future”.
Written by Heather Chapman (Posted at 1/24/2018 11:55:00 AM)