Trump budget to include $200 bln for infrastructure over decade

May 19, 2017 16:10
Breaking news

Breaking news. (photo credit: JPOST STAFF)

WASHINGTON, May 19 - President Donald Trump plans to propose $200 billion in infrastructure spending over 10 years, an amount the administration hopes will encourage another $800 billion in infrastructure investment by the private sector, a White House official said on Friday.

The $200 billion in infrastructure spending, which was first reported by Bloomberg News, will be part of a budget proposal that Trump plans to release on May 23, the White House official confirmed on condition of anonymity.

Trump promised during his presidential campaign to invest $1 trillion over a decade on roads, bridges, airports and other infrastructure.

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