Via Fox Business:
Key details of President Trump’s potential $1 trillion infrastructure plan were published on the news website Axios on Monday.
The draft, which a White House spokesperson would not comment on, outlines details on how a majority of the money could be spent.
Infrastructure Incentives Initiative: 50%
Half of the funding will be used towards the Infrastructure Incentives Initiative which “encourages state, local and private investment in core infrastructure by providing incentives in the form of grants.” According to the draft, they h could cover up to 20% of the project’s cost.
Transformative Projects Program: 10%
One tenth of the budget will be set aside for “exploratory and ground-breaking ideas that have more risk than standard infrastructure projects but offer a larger reward profile.” These sectors include: transportation, clean water, drinking water, energy, commercial space and telecommunications.
Rural Infrastructure Program: 25%
One quarter of the money will be set aside to help rural economies, facilitate freight movement and improve access to reliable and affordable transportation.