The outlines of President Trump’s promised $1-trillion, 10-year infrastructure initiative are coming into clearer focus. Transportation Secretary Elaine Chao has provided more information about the plan, saying states and localities that bring their own funding and financing to the table will get priority in receiving the additional federal dollars the proposal will contain.
Speaking at a May 15 Infrastructure Week kickoff event at the U.S. Chamber of Commerce in Washington, D.C., Chao also confirmed earlier administration comments that the package will propose $200 billion in direct federal funding, which it hopes will trigger another $800 billion in private financing. She also said officials "in coming weeks" will unveil the "vision of what the infrastructure plan wll look like."