PaintSquare.com
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

Advertisement

PaintSquare


Coatings Industry News

Main News Page


$1 Trillion Infrastructure Plan ‘Weeks’ Away

Thursday, May 18, 2017

More items for Program/Project Management
More items from North America

Comment | More

President Donald J. Trump’s proposed $1 trillion infrastructure plan is just weeks from being unveiled, according to Secretary of Transportation Elaine Chao, and it will reportedly include $200 billion in taxpayer funds that will be used to leverage the remaining $800 billion in private investment.

Chao made that announcement Monday (May 15) at a U.S. Chamber of Commerce event kicking off 2017 Infrastructure Week. She said that public-private partnerships will be key to the plan, which was a major campaign promise for Trump and which has been seen as an opportunity for the president to work across the aisle with Democrats.

Bridge construction
© iStock.com / herreid

The Trump administration's $1 trillion infrastructure plan, said to be weeks away from its unveiling, will reportedly involve public-private partnerships and an infrastructure bank.

On Tuesday, CNBC reported that the advisory committee set up by the president to craft the infrastructure plan had presented him with a one-page outline of its proposal last week. According to the network, the plan includes the creation of an “infrastructure bank” to help fund projects.

Regulatory Concerns

In her speech on Monday, Chao pointed to the recent accelerated replacement of the bridge on I-85 in Atlanta that burned in March as an example of the quick and efficient work that can be done when state, federal and local governments work together.

Chao said decreasing the regulatory burden, a focus of the Trump administration, would help to cut costs, accelerate accomplishments in the field, and cut paperwork.

“Streamlining the regulatory process not only cuts costs,” she said, "it can improve environmental outcomes by delivering infrastructure improvements more quickly, and spending resources on actual environmental mitigation, rather than stacks of paperwork.”

Addressing P3 Worries

Chao also noted in her speech that the administration plans to address concerns that some have raised about the potential pitfalls of a public-private partnership model for infrastructure. P3 projects often involve the private partner collecting tolls or otherwise profiting from a piece of infrastructure after it’s built, in order to recoup the funds it invested. Critics say that while this works well in high-traffic, urban areas where tolls are profitable, it can leave rural areas lacking.

Elaine Chao
Public domain via Wikimedia Commons

Transportation Secretary Elaine Chao noted Monday that the administration plans to address concerns that some have raised about the potential pitfalls of a public-private partnership model for infrastructure.

“Everyone recognizes there is no one-size-fits-all revenue model for infrastructure projects,” Chao said. “This administration is committed to an infrastructure package that addresses the needs of the entire country, urban and rural.”

History of the Plan

During the 2016 campaign, Trump introduced the idea of an infrastructure plan that would total between $800 billion and $1 trillion, using private investment as well as public funds. The plan came as a counter to Democratic rival Hillary Clinton’s infrastructure proposal, which included $250 billion in direct government funding and $25 billion for an infrastructure bank.

An infrastructure bank would lend federal funds to state and local governments and public-private partnerships to bankroll infrastructure improvements.

Some were taken aback in March when Trump’s “skinny budget,” a basic blueprint for the 2018 federal budget plan, cut discretionary funding for the DOT by $2.4 billion, and proposed the elimination of programs including DOT TIGER Grants. The administration, however, explained that the cuts would be more than made up for in the separate infrastructure bill still to come.

   

Tagged categories: Department of Transportation (DOT); Funding; Infrastructure; President Trump; Public-private partnerships (P3)

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
CHLOR*RID International Inc.
 
SOLUTIONS THAT WORK
 
Companies that invest in corrosion control use CHLOR RID products
  • Soluble salt removal liquid
  • Test kits to verify contamination levels
  • Surface passivation to hold the blast
INFO@CHLOR-RID.COM 800.422.3217
 

 
SABRE Autonomous Solutions
 
Safety
 
Removing blasting operators from harmful environments is our key objective.
 

 
SEMicro Division, M.E. Taylor Engineering, Inc.
 
Coatings Adhesion Testers
 
The PATTI® accurately measures the bond strength between coating & substrate. Outfitted properly, the surface can be rough, porous, or curved & >10K psi strong!
 

 
W Abrasives
 
Premium Products for your Blasting Needs
 
Ready to use operating mix steel grit abrasives developed specially for air blasting applications.
 

 
US Minerals
 
Hit Harder. Clean Faster.
 
Black Diamond abrasive products are the toughest, most effective blasting media and supply the superior power you need to get any job done.
 

 
Sherwin-Williams
 
Sherwin-Williams General Polymers Resinous Flooring App
 
Our coatings and linings expertise available 24/7, allowing you to explore the Sherwin-Williams systems best suited for your flooring needs. Android Users Click here to Download the app today!
 

 
Mitsubishi Gas Chemical America
 
Performance Amine 1,3-BAC
 
A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.
 

 
Axxiom Manufacturing
 
The Undisputed
Industry Leader.
 
Proven Innovation. Job Performance. Industry Training. Workplace Safety. Only Schmidt® abrasive blast equipment by Axxiom Manufacturing delivers it all!
 

 
Abrasives Inc.
 
The New Look of Black Magic®
 
Black Magic® “The tough stuff” coal slag has a fresh new look. CARB & QPL approved. Call us. Order some today. Abrasives Inc. 800-584-7524
 

 
SAFE Systems, Inc.
 
SAFE Systems'
Blast Lights &
Deadman Switches
 
Halogen or LED blast lights available with our NEW urethane bumper. Switches available in many colors for color coding your hoses.
 

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us