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President Trump unveils details of $1.5 trillion infrastructure bill | Chesapeake Virginia Dump Truck, Aggregate, Excavation Company

Columbus Ohio Dump Truck Company Brief:

  • President Donald Trump today unveiled details of his infrastructure bill, in which he requests that Congress stimulate at least $1.5 trillion in new infrastructure investment throughout the next decade, shorten the process for approving projects to two years or less, address unmet rural infrastructure needs, empower state and local authorities and train the American workforce.
    Only $200 million of the total $1.5 trillion would come from the federal government; the rest is expected to financed by states, localities and businesses.
  • The Legislative Outline for Rebuilding Infrastructure in America is divided into four parts: Funding and financing infrastructure improvements, additional provisions for infrastructure improvements, infrastructure permitting improvement and workforce development.
  • In a note to Congress, Trump wrote that "my administration's plan address more than traditional infrastructure — like roads, bridges and airports — but addresses other needs like drinking and wastewater systems, waterways, water resources, energy, rural infrastructure, public lands, veterans' hospitals, and Brownfield and Superfund sites."

Dump Trucks Columbus OH Insight:

Trump wrote to Congress that passing an infrastructure bill of this magnitude will "strengthen the economy, make our country more competitive, reduce the costs of goods and services for American families, and enable Americans to build their lives on top of the best infrastructure in the world."

Part one: addresses funding and financing infrastructure improvements, which includes an infrastructure incentives program that will encourage increased state, local and private investment. States and localities would receive investments in the form of grants; $100 billion will be made available for this incentives program.

States also will be incentivized to address rural infrastructure needs; $50 billion will be allocated toward the Rural Infrastructure Program for capital investments in rural infrastructure investments.

Other details under funding and financing pertain to the Transformative Projects Program, which will provide federal funding and technical assistance for "bold, innovative and transformative infrastructure projects that could dramatically improve infrastructure;" infrastructure financing programs; public lands infrastructure, which would establish an Interior Maintenance Fund; disposition of federal real property; and creating the Federal Capital Financing Fund.

Part two: addresses transportation, water infrastructure, veterans affairs and land revitalization (brownfield/superfund reform). Some key points include giving states the flexibility to toll interstates and invest those revenues in infrastructure, authorize federal land managements agencies to use contracting methods available to states, eliminate constraints on use of public-private and public-public partnerships in transit, apply FAST Act streamlining provisions to rail projects and shorten the statute of limitations and reduce barriers to alternative project delivery for airports.

Part three: addresses infrastructure permitting. Improvements would create a new expedited structure for environmental reviews, put more decision making in the hands of each state and enhance coordination between state and federal reviews, and authorize pilot programs that allow agencies to experiment with new approaches to environmental reviews and enhance environmental protections.

Part four: addresses workforce development. Provisions aim to establish policies that will help Americans secure stable, well-paying jobs. Proposals include expanding Pell Grant eligibility to high-quality, short-term programs; reforming career and technical education, including reforming the Carl D. Perkins Career and Technical Education program; and strengthening ties to the workforce for college students through the Federal Work Study program. The proposal also outlines empowering workers by reforming licensing requirements for those who seek employment on an infrastructure project.