Trump to Unveil $1T Infrastructure Plan in Coming Weeks

Department of Transportation Secretary Elaine Chao has said President Trump will unveil a broad sketch of his $1 trillion infrastructure plan in the coming weeks.

“The administration will share its vision of what the infrastructure plan will look like in the next several weeks, which will kick off our collaboration with Congress,” Chao said.

Chao also said the plan is expected to streamline the permit-approval process and contain some regulatory, administrative and policy reforms to help speed up project delivery. The proposal will contain $200 billion in taxpayer dollars to leverage $1 trillion worth of overall investment through public-private partnerships, according to Chao.

However, there has been concern that a private financing model would attract smaller-scale project as opposed to those that would boost gross domestic product.

(more on the latest developments in President Trump's infrastructure proposal...)