By Mark Holan, editorial director, ARTBA
President Donald Trump’s plans for $1 trillion of infrastructure construction will be revealed shortly after Congress approves tax reform, a senior official with the U.S. Department of Transportation told a Florida audience.
James Ray reiterated the administration’s stance that only $200 billion would come from direct federal spending; the rest will be through a mixture of incentives to states and cities and from private investors, according to a news report.
In Nov. 2 comments at a Tampa business symposium, Ray outlined four main areas of support for building roads, bridges and other non-transportation infrastructure projects:
- $500 million in discretionary grant funding through the Transportation Investment Generating Economic Recovery (TIGER);
- a “highly discretionary” funding program for rural projects;
- funding for “transformative” technologies ranging from autonomous vehicles to commercial space flights; and
- an expanded loan program for projects such as airport expansions.
Ray emphasized the administration’s commitment to reducing federal regulations and increasing communication between U.S. government agencies that impact infrastructure development.
The administration has shifted the timetable for releasing details of its infrastructure plan several times since taking office in January.