Trump unveils Monday a $ 1,500 billion infrastructure plan

President Trump's Budget to be released Monday, will include $ 200 billion for roads, highways, bridges, and other critical infrastructure for the US economy, sources said close to the White House.

States and private investors will be asked to contribute to the remaining 1.300 billion.

In his State of the Union address at the end of January, Mr. Trump asked the Congress to support an investment plan of at least $ 1.5 trillion to develop infrastructure in the United States without giving details on how to achieve it.

Built for the most part between the 1950s and 1970s, Highways, roads, bridges, railways, airports and other infrastructure are in very bad condition, "in decay" according to the US President, because they have not been maintained and modernized over time. [19659002] The White House is to announce Monday the simplification of building permit procedures to reduce them to two years while they can take up to ten today.

"Infrastructure is obviously an essential component of the functioning of our economy, the American success is largely the result of quality infrastructure that we had historically, "said a White House official.

" We are underinvesting in our infrastructure and we have procedures that take so long that even when we have the necessary funds, it can take a decade to build an essential infrastructure. "

The sources of funding in question

The Congress must now discuss the proposal. In this perspective, Mr. Trump must welcome the parliamentarians of both parties on Wednesday.

It should be widely questioned what the administration could actually finance and how.

Experts wonder about the sources of funding of 200 billion in the federal budget while the public deficit is already likely to be widened by the drop in taxes endorsed late 2017.

The Trump administration said the funding of 200 billion come from "cuts in other programs "

In the meantime, experts agree that the aging of infrastructure is costing the US economy.

Congestion, which weighs in particular on the road transport sector, costs more than 120 billions of dollars, according to Henry Petroski of Duke University.

(with AFP)

Trump for Infrastructure Budget Plan Already Waiting Long

Infrastructure in America is much damaged. President Donald Trump on Monday (12/2) presented a long-awaited $ 1.5 trillion plan to repair the damaged infrastructure, and held meetings with local and state officials to discuss it. For the local community, the budget came too late.

In December 2015, a historic building in the city of Pittsburgh, Pennsylvania – Greenfield Bridge – collapsed. The bridge later became one of the thousands of critical infrastructure projects being repaired in America.

Projects such as repairing the 95-year-old bridge are too costly for most local people to be self-financed. Without the help of federal and state governments, this project would not be possible.

Pittsburgh city official Guy Costa said: "We need it. Everyone needs it. Not only are there in Pittsburgh and Western Pennsylvania, but also people across America. Here a lot of infrastructure is old and. broken. So any funding will be a very good thing. "

Pittsburgh city official Guy Costa added that the federal grant includes 80% improvement, the other 15% coming from the state of Pennsylvania and the remaining 5% of the city of Pittsburgh. This means that the city of Pittsburgh only needs to bear a million dollars out of the 19 million dollars the cost of building the bridge.

Trump's president used to campaign that he will ask Congress to pass a trillion-dollar budget to fund the repair of a long-damaged infrastructure.

– local officials say this is actually too late. Pittsburgh Mayor Bill Peduto said, "We build all of this infrastructure, but we do nothing to keep it functioning. Nothing at all. "

Pittsburgh was once a special industrial city for steel production. But like many other old cities, an uncontrolled urban expansion – linking the heart of Pittsburgh with the suburbs – means more budget spent on new projects, and fewer are set aside to maintain older buildings. [19659003] "No different from our house. The roof starts to leak, but we keep ignoring it, until one day we have to replace the entire roof of the house, "added Peduto.

In addition, the bureaucratic process is slower. Furthermore, Guy Costa says, "Many budgets – since being approved in Washington to the local level – take years, and then from there we have to undergo the process of designing the building for four years."

This infrastructure project will have an impact on nearly 20 thousand people. And that's just one bridge, in a city of 300,000 people. Imagine this happening across America. Progress brings inconvenience. Tens of thousands of people using Greenfield Bridge are now forced to pass the previously deserted suburbs.

Katie Lederman, a suburban resident, said: "This traffic jam caused chaos and disruption, so I considered selling my house. This is terrible! "

The fate of more than 58,000 other damaged bridges now depends on the success of President Trump convincing Congress to make his campaign promise a reality. [em/ii]

President Trump Announces Infrastructure Plans

Improving America's aging infrastructure is one of President Donald Trump's main campaign promises. On Monday he announced a plan he said would spur the biggest and boldest investment in infrastructure in American history.

"This framework will result in unprecedented investment in infrastructure in America, 1.5 to 1.7 trillion dollars. We will have a great deal of cooperation on public-private projects and with the way projects will be completed on time and within budget. This will speed the approval process from 10 years to two years or maybe a year, "said Trump President.

Some analysts call Trump's blueprint unrealistic." If we ask any economic experts or if we ask anyone who has a background in mathematical knowledge, then the plan is purely a fantasy, "said Ryan Collins, an analyst at the Center for American Progress policy research institute.

Read also: Proposed US Budget 2019 Including Wall Fund Borders

Ryan Collins says that Trump's infrastructure plan is particularly apprehensive especially since his tax reforms include drastic cuts on infrastructure projects and he says private investors will only invest in projects that have high levels of high return on investment

"So what we see is the increase in the number of nets n toll and rising costs of its users, all of which will be needed to pay off debts to investors who have spent so much money to close the gap in funds from state budgets that do not reach the required targets, "he said.

Ryan Collins said that privatization highways in some states have resulted in high toll rates so people can not afford them. If the states were forced to pay for infrastructure costs, the states would eventually raise taxes on their respective residents.

Democrats in Congress also rejected the proposal, which they said would enrich large companies at the expense of taxpayers. They advocate a public infrastructure budget of $ 1 trillion, which means that it will add to America's already large debt.

Trump's infrastructure plan is part of a $ 4.4 trillion budget proposal that is also expected to boost the US deficit. [lt/ab]

Trump Launches Massive Infrastructure Development Plan

President Donald Trump on Monday (12/2) disclosed a long-awaited plan to tackle damaged infrastructure, and he met with state and local officials to discuss the program.

The plan will use $ 200 billion federal funds and other $ 1.3 to $ 1.5 trillion state and enterprise investments in a 10-year plan to repair roads, bridges, railways and other infrastructure in America.

In a cuwitan on Twitter, Trump said, This is a great week for infrastructure and after stupidly spending $ 7 trillion dollars in the Middle East, it's time to start investing in our own country! "

Trump told a White House meeting with officials from across the country that US military spending in the Middle East has made things worse than 17 years ago when our military went in there. "

Teta pi he says, the investment returns (from new infrastructure expenditures) to the states will be overwhelming.

"We will build, we will defend it," Trump said. "Our roads are in bad shape, we will build them more modern."

He promised, the permitting process for development will be accelerated "from 10 years to two years or maybe a year. Washington will be your partner. "

See also: Public Support Levels on Trump Rises

A $ 200 billion federal fund in the next ten years will comes from cuts to existing programs, the amount Trump calls "is not a huge amount." Of these, half will be spent on incentive programs to offset state and local government funds. [ps/ii]

Trump Apply $ 1.5 Trillion Fund for New Infrastructure

President Donald Trump appealed a $ 1.5 trillion fund to Congress for new infrastructure development. The proposed funding was delivered in a State of the Union address, before the Congress and the American people.

Trump says America faces an infrastructure deficit. The US needs new roads, bridges, railways and means of shipping, he added.

He said "shamefully" that building the Empire State Building in 1931 took only a year, but now, issuing permission to build new roads time of 10 years.

According to Trump, any draft law authorizing spending on new facilities should also speed up the project approval process, to no more than 2 years.

Trump also said he would use next year to (19659002) Striving societies, including immigrant communities, can be helped by immigration policies, which Trump says is focused on the interests of American families, and calls Americans also "dreamers." [19659002] Trump says his administration has proposed a new bill, which he says, will improve the immigration law n support border agencies so that criminals and gangs can no longer benefit from loopholes in immigration regulations. [ps/jm]