March 2, 2017
The first government-wide step toward crafting President Donald Trump administration’s $1 trillion infrastructure initiative is set to kick off today (March 2, 2017). A meeting between some 15 federal agencies will focus on identifying new projects to boost the economy, expediting existing projects, updating policies, rules and laws that delay work, as well as exploring funding and financing options.
The planning meetings follow Trump’s speech earlier this week to Congress, in which the president said he wants to leverage public-private partnerships to address infrastructure needs. States have already submitted a list of 428 priority projects to the White House.
Among the funding options are tapping into corporate profits held overseas, and the creation of an infrastructure bank. Government leaders will be looking at ways to spur investment, though many believe it won’t solely be driven by the private sector.
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