Tags: Donald Trump | Trump Administration | trump | aides | privatizing | public assets | infrastructure

Trump Aides Call for Privatizing Some Public Assets for Infrastructure

Image: Trump Aides Call for Privatizing Some Public Assets for Infrastructure
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By    |   Wednesday, 24 May 2017 02:02 PM

The White House is looking to privatize some public assets, including airports and bridges, as part of a plan to overhaul the nation's infrastructure, The Washington Post reported.

President Donald Trump's proposed budget had called for $200 billion to be spent over 10 years to "incentivize" private, state and local spending on infrastructure.

Transportation Secretary Elaine Chao said privatizing some assets will help pay for needed improvements.

She noted St. Louis is already working with federal officials to privatize Lambert International Airport.

"You take the proceeds from the airport, from the sale of a government asset, and put it into financing infrastructure," Chao said.

Chao has said this approach to managing airports "increases productivity, revenue and operating efficiency for airports, creating greater access to capital for infrastructure needs," according to the St. Louis Post-Dispatch.

Any eventual agreement must be approved by the airlines operating out of the airport and the Federal Aviation Administration, the newspaper said.

Trump and his advisers are also talking about possibly raising the gas tax for needed infrastructure projects. The government currently levies an 18.4-cent-per-gallon gas tax — its main source of highway funds. It was last raised in 1993.

Administration officials are looking at a number of other options to help jumpstart infrastructure improvements, including shortening the environmental review process and speeding up permit approval.

"There's no reason why the U.S. cannot function as efficiently as other Western-style democracies in getting worthy projects through the system and permitted," said billionaire developer Richard LeFrank, who co-chairs a committee of outside advisers on the infrastructure initiative. "The math speaks for itself. What we're doing in six years, seven years, eight years, 10 years, these other countries get done in a year or two."

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The White House is looking to privatize some public assets, including airports and bridges, as part of a plan to overhaul the nation's infrastructure, The Washington Post reported.
trump, aides, privatizing, public assets, infrastructure
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2017-02-24
Wednesday, 24 May 2017 02:02 PM
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