Infrastructure is on the top of President Trump’s domestic agenda, and congressional hearings are beginning.
On Thursday, Transportation Secretary Elaine Chao testified before the Senate Environment and Public Works Committee.
She said there’s private sector enthusiasm to participate in the Trump administration’s $200 billion federal funding plan, but they face “the lack of ready projects.”
The plan is expected to turn $200 billion into $1.5 trillion in infrastructure investment. As part of the plan, states, localities, and the private sector will cover the difference.
“If the permitting process can be sped up, it will allow more projects to be available for the private sector to invest,” said Chao.
President Trump wants to reduce the time it takes the government to issue permits, issuing an Aug. 15 executive calling for “timely decisions.”