Trump's potentially trillion-dollar infrastructure plan has reportedly leaked - here's what it says
- President Donald Trump touted fixing America's crumbling infrastructure on the campaign trail.
- Axios apparently got a copy of his six-page infrastructure plan.
President Donald Trump's potentially trillion-dollar infrastructure plan has leaked, according to Axios, which provided the six-page document on its website.
Though the plan does not cite any specific dollar amounts, it details how 97.05% of the money would be spent on various programs to improve the US's lagging infrastructure.
Exactly half of the money appropriated for the bill will go to the Infrastructure Incentives Initiative, which "encourages state, local and private investment in core infrastructure by providing incentives in the form of grants" which can cover up to 20% of the project's costs, according to the document.
A quarter of the money would go to improving infrastructure in rural areas by incentivizing investment in transportation or utilities like water treatment and broadband.
Ten percent of the money has been set aside for "exploratory and ground-breaking ideas that have more risk than standard infrastructure projects but offer a larger reward profile," wherein the government would offer to pay 80% of capital construction costs, 30% of trials to demonstrate the technology, and 50% of post-demonstration planning costs.
Largely built decades ago, US infrastructure is falling apart. One-third of roads are in poor condition, 56,000 of the 612,000 bridges are structurally deficient, and 14,000 of the 83,000 dams in the US have "high hazard potential." Experts estimate it will cost roughly $1 trillion to fix.
A White House spokeswoman told Axios she wouldn't comment on the document, and that the administration would present its plan in the "near future."