Trump Infrastructure Plan to Stimulate Local Investment, Chao Says

President Donald Trump’s infrastructure plan is designed to change the way roads and bridges are built and maintained across the U.S. by providing “seed money” to stimulate additional investment, Transportation Secretary Elaine Chao said at the first Senate hearing on the proposal. “A key element of the proposal is to empower decision making at the state and local level, who know best the infrastructure needs of their communities,” Chao said Thursday at a hearing by the Senate Environment and Public Works Committee. In addition to roads and bridges, the plan would aid projects for drinking and wastewater, energy, broadband and veterans’ hospitals, Chao said.

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Source: Bloomberg

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