As expected President Donald Trump in his state of the union speech before Congress this week called for legislation to modernize the nation’s infrastructure.
Trump did not give any details about the proposal. Administration sources have said that those will come sometime after the speech.
“We will build gleaming new roads, bridges, highways, railways and waterways across our land,” Trump said.
During his address, Trump called for a bill that will result in “at least $1.5 trillion for the new infrastructure investment we need.”
He acknowledged as has been reported by multiple sources that his plan will call for using federal funding to match money put up by state and local governments, as well as the private sector.
Some reports citing a leaked document said the federal match will be no more than 20 percent per project.
Trump described this as a way “to permanently fix the infrastructure deficit.”
He also said the bill also should shorten time needed to issue permits and grant approvals for projects to no more than two years.
Tags: Congress, Donald Trump, infrastructure, Trump administration, Trump infrastructure plan
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