A draft of the Trump administration's infrastructure plan was leaked Jan. 22.
The six-page plan reveals details of the administration's proposed efforts to improve the country's infrastructure via transportation, land revitalization and water infrastructure efforts, as well as Veteran's Affairs facilities, The Hill reported.
The Breakdown
While the White House would not comment, some key points in the leaked document include the following:
- Half of all appropriations will be reserved for an "Infrastructure Incentives Initiative," to help bolster private and local investment in infrastructure projects with grants;
- About 25 percent of the appropriations will go toward a "Rural Infrastructure Program;"
- Ten percent of the appropriations are slated for a "Transformative Projects Program," which would be under the jurisdiction of the Commerce Department, and would provide federal money for projects that are unable to get private funding;
- A little over seven percent of the appropriations would go to the expansion of federal lending programs to help investments grow;
- Around five percent of the appropriations would go into a "revolving fund" to pay for "purchases of federally owned civilian real estate property;"
- A proposal that states be provided with the opportunity to collect tolls on interstates and use that money for infrastructure projects; and
- A proposal for expanding private activity bonds, which are often used to support infrastructure projects, by permitting the issue of advance refunding bonds to refinance private activity bonds, The Hill reported.
