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Secretary Chao Discusses Infrastructure in Remarks
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DOT Secretary Elaine L. Chao listed railroads with  other modes of “traditional infrastructure such as roads, bridges … inland waterways and ports” as central to the administration’s infrastructure proposal while noting that it might also include “energy, water, broadband and veteran hospitals” in her May 15 speech at the U.S. Chamber of Commerce to kick off National Infrastructure Week.
Chao said the Trump administration is preparing to release its infrastructure plan, which could include $200 billion in direct federal funds to leverage $1 trillion in investment over 10 years. Published reports say Congress may draft legislation by the third quarter of 2017. |
“As you know so well, infrastructure is the backbone of our world-class economy—one of the most productive, flexible and dynamic in the world,” she said at the Washington, DC, event. “It is a key factor in productivity and economic growth, which has provided millions of hard-working Americans with a standard of living that is the envy of the world. And it has provided our country with unprecedented mobility, safety and security. Yet today these gains are threatened by crumbling infrastructure that is increasingly congested, in need of repair and unable to keep pace with technological change.”
She said the administration’s proposals “will shift the focus beyond what is being built, to how projects are being funded and financed.” One goal, she added, is to use federal funds to build projects more quickly with greater participation from state, local and private partners.
Find Chao’s speech here.
Photo by Ian Wagreich / © U.S. Chamber of Commerce
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