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Trump Budget Proposal To Include $200 Billion for Infrastructure Spending

in Broadband News/Broadband's Impact/Infrastructure by

BROADBAND BREAKFAST INSIGHT: Mixed signals emerging from Office of Management Budget about the role of infrastructure in the Trump administration plan.

Trump Budget Said to Include $200 Billion for Infrastructure, from Bloomberg:

President Donald Trump will propose spending $200 billion in federal funds over 10 years to spur investment in the nation’s infrastructure, a senior Office of Management and Budget official said.

The administration’s aim for the funds, which will be part of the budget proposal Trump plans to release on May 23, is to provide incentives for at least $800 billion of infrastructure investment by the private sector and state and local governments, said the official, who spoke on condition of anonymity because the plans were not yet public.

Administration officials are examining the use of federal grants and loans as well as other vehicles to spur the investment, much as the existing Transportation Infrastructure Finance and Innovation Act loan program leverages federal funding for state and local spending, the official said.

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Source: Trump Budget Said to Include $200 Billion for Infrastructure – Bloomberg

Photo by Marcosleal, via Creative Commons

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