Trump to pitch major infrastructure plan Monday

Trump to pitch major infrastructure plan Monday

Trump to pitch major infrastructure plan Monday

"Together, we can reclaim our building heritage", he said.

The second important part of the plan includes reforms to the infrastructure related legislative framework.

The White House is expected to release guiding principles for the administration's long-anticipated infrastructure plan on Monday.

Trump said on Twitter that it would be "a big week for Infrastructure". Democrats have criticized the $200 billion in federal spending in the past as insufficient compared to the needs facing the nation's roads, bridges and waterways.

Trump is set to host a meeting with state and local officials on his proposal Monday, but it is not clear if any of them will be from NY. But critics are already calling Trump's approach "fake" and a "scam" for its lack of new revenue and because of its reliance on funding from local governments and private investors. His first budget proposal, coming just weeks into his administration, was portrayed largely as a placeholder - despite its proposals for deep cuts in domestic spending.

The federal government has to approve 100 percent of infrastructure projects, however, it only funds 14 percent, one official said, and the amount of hoops localities and companies have to jump through is both costly and time-consuming.

Additionally, $50 billion will be invested in rural infrastructure and will take the form of block grants made to governors who will select projects in their states. Water projects, for example, on average involve a 4% federal share and a 96% state or local government share. The plan would put up $200 billion in federal money over the next 10 years to leverage $1.5 trillion in infrastructure spending, relying on state and local governments and the private sector to contribute the bulk of the funding.

A new, streamlined process termed "One Agency, One Decision", would cut approval down to 21 months with permitting to be completed within three months after that.

In a scathing conclusion, the ASCE said, "Deteriorating infrastructure is impeding our ability to compete in the thriving global economy, and improvements are necessary to ensure our country is built for the future". They've argued more funding is needed to make the move effective in combating the rising rate of opioid overdose deaths, which increased almost 28 percent from 2015 to 2016.

The federal government traditionally provided 80% of funding for qualified highway construction. Other experts, including the Congressional Research Service, have since cast doubt on the report's claim that trillions of dollars are wasted during the permitting process, pointing out that state regulations, rather than federal ones, are often the cause of delays.

"While we certainly aren't opposed to talking about Gateway, we're not going to start the discussion of rebuilding our entire nation with a single - albeit large - project, especially not one where 90 percent of the benefits go to local transit riders", the White House official said.

Under Trump's plan, though, the federal government presumably would take a back seat even in paying for large projects that could have a widespread impact, like the NY region's effort to replace damaged and traffic-choked passenger rail tunnels under the Hudson River. With the new spending, the federal deficit is expected to jump to $1.2 trillion in 2019.

The remaining $10 billion would go into a capital financing fund, which the administration says would go toward funding federal government office building infrastructure. Gribbin said the White House is open to that idea, but hasn't ruled anything out.

The official would not say where exactly the $200 billion is being cut from in other areas of the budget - though they said "there are some reductions in things like transit funding and TIGER grants, and things where the administration thinks that infrastructure funds haven't been spent efficaciously".

A who's who of state and local groups, in a joint statement last week, said that "secur [ing] the long-term solvency of the Highway Trust Fund" is one of their top priorities.