Transportation Experts Unsure about Trump's Infrastructure Plans
Officials say they can’t predict what infrastructure policy will look like under the new president
- By Matt Holden
- Nov 14, 2016
Those in the infrastructure business and transportation industry are unsure about what policies and bills will be developed in the Trump presidency, according to reports. Trump has said in the past that he is for rebuilding the nation’s roads and bridges, but it is not clear how it would be funded.
"We're certainly eager to see the details," said Ken Simonson, chief economist with the Associated General Contractors of America, a Virginia-based trade group.
Trump promised to use $1 trillion of new infrastructure spending over the next 10 years, something he reiterated during his victory.
"We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals," Trump said. "We're going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it."
A Trump campaign statement said that using $167 billion in tax credits to fund equity plus the cost of borrowing would increase investment in infrastructure projects. The tax credits would be repaid through additional taxes.
Matt Holden (email@example.com) is the group social media editor for 1105 Media Inc.'s Infrastructure Solutions Group, which includes Occupational Health & Safety magazine. He works in 1105 Media Inc.'s Dallas office.