It’s not the money it’s the red tape. Or so Secretary of Transportation Elaine Chao wants everyone to believe is the reason why more isn’t being done to rebuild America’s infrastructure.
Speaking during an open house to celebrate the 50th anniversary of the U.S. Department of Transportation, Chao said the Trump Administration’s infrastructure proposal that has yet to be delivered to Congress will include proposals to eliminate regulations.
“Investors say there is ample capital available, waiting to invest in infrastructure projects,” Chao said.” So the problem is not money. It’s the delays caused by government permitting processes that hold up projects for years, even decades, making them risky investments.”
Chao said the Trump infrastructure plan “will include common-sense regulatory, administrative, organizational and policy changes that will encourage investment and speed project delivery.”
Although she did not provide details, that infrastructure proposal will include a “a strategic, targeted program of investment valued at $1 trillion over 10 years,” Chao said.
She said the proposal will cover more than transportation infrastructure. It will also include energy, water and potentially broadband and veterans hospitals.
Public-private partnerships will be a focal point of the plan as a way to avoid “saddling future generations with massive debt.”
In an unrelated development, the House Committee on Transportation and Infrastructure this week approved a bill involving passenger rail.
The committee reported out H.R. 1346, which repeals a rule titled “Metropolitan Planning Organization Coordination and Planning Area Reform.”
In a statement, the committee said the rule exceeds what is required in law, is contrary to congressional intent, and increases burdens on MPOs and states.
The committee said H.R. 1346 maintains MPO and state flexibility in planning and making transportation investments.
Also approved was H.R. 1093, which mandates the Federal Railroad Administration to notify Congress about any initiation and results of passenger and commuter rail comprehensive safety assessments.
Tags: Congress, Elaine Chao, government regulations, House Transportation Committee, Rail passenger service, transportation, transportation infrastructure, Trump administration, U.S. Department of Transportation