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CWCC – White House Releases Infrastructure Plan

Tuesday, February 13, 2018   (0 Comments)
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The White House unveiled its long-awaited infrastructure plan today, fulfilling a signature campaign promise of President Trump. The 55-page plan included details not previously released. The official announcement from the White House means that the conversation amongst lawmakers can begin in earnest, especially with last week's budget deal that creates a level of stability through September 2019.

As outlined in the proposal, the Administration would like to leverage $200 billion of direct federal investment into $1.5 trillion in output over the next decade for a range of infrastructure. Of the proposed $200 billion, the plan sets aside: $50 billion for rural infrastructure projects in the form of state block grants; $20 billion for the "Transformative" Projects Program to fund cutting-edge projects deemed too risky to qualify for traditional funding, but which have the potential to fundamentally transform the way infrastructure is delivered or operated; $20 billion to expand Infrastructure Financing Programs like TIFIA, RRIF, WIFIA, in addition to broadening the use of Private Activity Bonds; and $100 billion for an Incentives Program that will provide block grants to states and localities as an incentive to invest, capped at 20% of the overall project cost.

The document also outlines proposals to relax some regulatory requirements and bureaucratic hurdles in order to decrease project delivery time and increase cost efficiency, at topic recently discussed by CWCC members.

In addition, funding levels for the Clean Water and Safe Drinking Water SRF's was announced in the President's FY19 Budget:

CW SRF - $997M
SDW SRF - $863M

Key Associates and CWCC staff are doing a deep-dive on the overall plan and will provide a more in-depth analysis in the coming days. Please feel free to contact us to share your thoughts on this. Trust that Key Associates is hard at work to best understand how Congress will respond so we can respond effectively.

-- Clean Water Construction Coalition


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