February 6, 2018 / 4:29 PM / in 5 months

Trump to unveil infrastructure plan Monday - White House official

WASHINGTON, Feb 6 (Reuters) - U.S. President Donald Trump plans to unveil details of his long-awaited plan to generate at least $1.5 trillion in infrastructure improvements over 10 years next Monday, a White House official said on Tuesday.

Trump will issue “infrastructure principles, which will outline a plan” to boost infrastructure and call for cutting regulatory burdens to speed approval for new projects, the official said. Reuters reported this month that the administration’s plan will call for $200 billion in new federal funding, offset by unspecified spending cuts, including $100 billion in cost-sharing payments for state and local projects and $50 billion dedicated for rural projects. (Reporting by David Shepardson Editing by Jonathan Oatis)

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