Wednesday, January 24, 2018

Leaked Trump infrastructure plan includes incentives for rural transportation, broadband, utilities

A leaked draft of the Trump administration's infrastructure plan, obtained by Axios, shows plans to spur major development in rural areas. The plan has no dollar amounts, but calls for giving 25 percent of its budget to rural transportation, broadband, water and wastewater facilities, electric and other power facilities, and water resources, Jacob Pramuk reports for CNBC.

The plan says 50 percent of its budget would go for grants to encourage state, local and private investment in infrastructure. "Another 10 percent would go toward ​a “transformative projects program” to fund “exploratory and ground-breaking ideas," Mark Moore reports for the New York Post.

"The White House has previously promoted a $1 trillion infrastructure plan, Pramuk reports. "Previous reports indicate it would aim to spur $800 billion in state, local and private spending with $200 billion in federal spending."

White House spokesperson Lindsay Walters told Pramuk that the administration would not comment on the leaked document, but would present its plan in the "near future."

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