On June 7, President Donald Trump announced the government would create a “first-class” system of roads, bridges and waterways by using $200 billion in public funds to generate $1 trillion in investment to pay for construction projects that public officials agree are overdue.
Trump said America must have the best, fastest and most reliable infrastructure in the world. During his campaign across the country last year, he was asked why the U.S. was spending money to rebuild other countries, and he proclaimed that it was time to rebuild this country.
Democrats have balked at Trump’s plan for financing improvements, arguing it would result in taxpayer-funded profits for corporations.
The White House, however, has not outlined specifics of the infrastructure plan.
The proposed funding with $200 billion in public funds over 9 years would average $1 trillion worth of construction to include improving routes for transporting agricultural products.
Mike Toohey, president of the Waterways Council Inc., said he was happy the president is addressing rivers since more attention is paid to roadways, railways and runways.
However, he said the proposal could result in higher costs for commercial users that finance the waterways’ upkeep in the first place.