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May 25, 2017

Trump eyes public asset sales to raise $1T for infrastructure

  • Selling airports and bridges could help pay for a $1 trillion overhaul of aging infrastructure, an administration official said.

    • WASHINGTON (AP) — The Trump administration is considering plans to encourage the sale of public assets, such as airports and bridges, to help pay for a $1 trillion overhaul of the nation's aging infrastructure, an administration official said Wednesday.

    In his budget proposal, Trump called for spending $200 billion over a decade to spur private, state and local spending on roads, highway stops and more of the country's connective systems that need an expensive overhaul. The real-estate mogul-turned president who has courted the construction industry is now leading an effort to pay for the massive project with some combination of public and private cash.


     
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