President Trump’s budget proposal will mark the “first step” in his $1 trillion infrastructure push, the White House said Friday.
Press secretary Sean Spicer tweeted that “next week’s budget proposal is the ‘first step’ in @POTUS’s $1 trillion infrastructure plan.”
The tweet comes after Bloomberg News reported Thursday night that the president’s spending blueprint will call for $200 billion in federal funding over 10 years to upgrade the nation’s ailing infrastructure.
It’s also expected to include incentives to help encourage more private-sector investment — a chief priority in Trump’s infrastructure proposal.
Next week’s budget proposal is the “first step” in @POTUS’s $1 trillion infrastructure plan https://t.co/buhyKeDiDd
— Sean Spicer (@PressSec) May 19, 2017
Sixteen different agencies are working on Trump’s effort to revitalize U.S. roads, bridges, airports and other public works.
Transportation Secretary Elaine Chao said the administration will unveil a broad sketch of the plan before the end of the month, but a more detailed legislative package won’t be released until later this summer.
Trump’s comprehensive rebuilding plan is expected to contain $200 billion in taxpayer dollars to leverage $1 trillion worth of overall investment through public-private partnerships.
It’s also expected to streamline the permit-approval process and contain some regulatory, administrative and policy reforms to help speed up project delivery, Chao said.