President Trump has signed an executive order designed to speed up environmental reviews and fast-track critical infrastructure projects.
Under the order, governors or Cabinet secretaries request that a project be designated as high-priority one and the project moves to the top of any review queue if the White House Council on Environmental Quality approves.
Trump has said throughout the campaign that he wants to invest up to US$1 trillion in America’s infrastructure and put Americans back to work.
“We intend to fix our country, our bridges, our roadways,” he said at a press event. “We can’t be in an environmental process for 15 years if a bridge is going to be falling down or if a highway is crumbling. So we’re expediting environmental reviews and approvals.”
Democrats in the US Senate also proposed a plan to spend the amount over 10 years to repair old bridges and roads, expand bus and rail systems, modernise ports, highways, airports and other infrastructure projects. Senate Democrats and Republicans are likely to differ on funding improvements included un any infrastructure bill.
As of now, Trump’s plan would allow private investors to take advantage of US$137 billion in federal tax credits for different projects that the administration believes will create $1 trillion worth of infrastructure improvements.
Read the article online at: https://www.worldcement.com/the-americas/27012017/trump-signs-order-to-fast-track-infrastructure-projects/