⏳ Final hours! Save up to 60% OFF InvestingProCLAIM SALE

Trump to meet with business leaders on infrastructure

Published 03/08/2017, 03:58 AM
© Reuters. U.S. President Donald Trump arrives aboard Air Force One at Joint Base Andrews, Maryland

By David Shepardson

WASHINGTON (Reuters) - President Donald Trump plans to meet with a group of infrastructure business leaders at the White House on Wednesday, a person briefed on the meeting said.

During his presidential campaign, Trump said he would push for a $1 trillion infrastructure program to rebuild roads, bridges, airports and other public works projects.

The lunch meeting is set to include real estate, management consulting, private equity and other business leaders, along with at least one environmental group, a person briefed on the matter said.

Last month, Trump touted the plan in an address to Congress.

"The time has come for a new program of national rebuilding," Trump said.

"To launch our national rebuilding, I will be asking Congress to approve legislation that produces a $1 trillion investment in infrastructure of the United States - financed through both public and private capital - creating millions of new jobs."

The American Society of Civil Engineers has graded U.S. infrastructure at D+ and estimated the country needs to invest $3.6 trillion by 2020.

U.S. Transportation Secretary Elaine Chao told Fox News last month that the needs for infrastructure are so great the federal government cannot shoulder all the costs.

"Public private partnerships are a very important part of a new way of financing our roads and bridges that are in disrepair and our very dangerous," Chao said.

© Reuters. U.S. President Donald Trump arrives aboard Air Force One at Joint Base Andrews, Maryland

In January, Trump signed an executive order aimed at expediting environmental reviews and approvals for all infrastructure projects, especially high priority projects "such as improving the U.S. electric grid and telecommunications systems and repairing and upgrading critical port facilities, airports, pipelines, bridges, and highways."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.