Trump to unveil infrastructure plan Monday: White House official

Reuters News
Posted: Feb 06, 2018 11:29 AM

WASHINGTON (Reuters) - U.S. President Donald Trump plans to unveil details of his long-awaited plan to generate at least $1.5 trillion in infrastructure improvements over 10 years next Monday, a White House official said on Tuesday.

Trump will issue "infrastructure principles, which will outline a plan" to boost infrastructure and call for cutting regulatory burdens to speed approval for new projects, the official said. Reuters reported this month that the administration’s plan will call for $200 billion in new federal funding, offset by unspecified spending cuts, including $100 billion in cost-sharing payments for state and local projects and $50 billion dedicated for rural projects.

(Reporting by David ShepardsonEditing by Jonathan Oatis)