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image: Kevin McCoy

President releases $1.5 trillion infrastructure plan

February 12, 2018

WASHINGTON, D.C. — On Monday, the Trump Administration released the long-awaited proposal to upgrade roads, airports, and other public works, with the release of a 53-page document detailing how the Administration plans to stimulate at least $1.5 trillion in new investment, shorten project permitting time to two years, invest in rural projects, and improve worker training, Bloomberg reports.

The newest elements of the proposal include expanding the use of tax-exempt debt, letting states add tolls on interstates, and making it easier to lease airports and other public assets. The infrastructure plan also proposes streamlining environmental reviews by putting a single agency in charge of the work, imposing a 21-month deadline for completing those assessments and requiring final decisions on permitting three months after that.

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