19
Sunday
August 2018
11:42 AM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
International News
Trump to unveil $1.5 trillion infrastructure plan
 
(Washington, Feb 12, 2018): President Donald Trump today will unveil his long-awaited infrastructure plan, a 1.5 trillion proposal that fulfills a number of campaign goals, but relies heavily on state and local governments to produce much of the funding.

The administration's plan is centered on using 200 billion in federal money to leverage local and state tax dollars to fix America's infrastructure, such as roads, highways, ports and airports.

"Every federal dollar should be leveraged by partnering with state and local governments and where appropriate tapping into private sector investment to permanently fix the infrastructure deficit," Trump said at last month's State of the Union address.

Trump has repeatedly blamed the "crumbling" state of the nation's roads and highways for preventing the American economy from reaching its full potential.

Many in Washington believe that Trump should have begun his term a year ago with an infrastructure push, one that could have garnered bipartisan support or, at minimum, placed Democrats in a bind for opposing a popular political measure.

But the administration chose to begin with health care and relations with Democrats have only grown more strained during a turbulent, contentious year. The White House, now grappling with the fallout from the departure of a senior aide after spousal abuse allegations, may not have an easy time navigating a massive infrastructure plan through a polarised Congress. It just grappled with two federal government shutdowns and will soon turns its attention to immigration.

Administration officials previewing the plan said it would feature two key components: an injection of funding for new investments and help speed up repairs of crumbling roads and airports, as well as a streamlined permitting process that would truncate the wait time to get projects underway.

Officials said the 200 billion in federal support would come from cuts to existing programs.

Half the money would go to grants for transportation, water, flood control, cleanup at some of the country's most polluted sites and other projects.

States, local governments and other project sponsors could use the grants which administration officials view as incentives for no more than 20 per cent of the cost. Transit agencies generally count on the federal government for half the cost of major construction projects, and federal dollars can make up as much as 80 percent of some highway projects.

About USD 50 billion, would go toward rural projects transportation, broadband, water, waste, power, flood management and ports. That is intended to address criticism from some Republican senators that the administration's initial emphasis on public-private partnerships would do little to help rural, GOP-leaning states Early reaction to the proposal was divided.(AP)


Imran Khan Elected New Pakistan PM, Seen In Tears After Vote
'He's innocent': US threatens more sanctions on Turkey if pastor not freed
Toll soars to 48 in Kabul education centre blast
Bridge collapses in Italy during heavy storm, crushing cars
Officials: Afghan forces push back Taliban from key city
Bangladesh ex-PM Zia gets bail in defamation case
NASA launches Parker Solar Probe spacecraft
Imran Khan’s party bags 33 reserved seats; PTI NA tally stands at 158
Children among 39 civilians killed in Syria arms depot blast: monitor
NASA postpones Parker Solar Probe launch to Sunday
Malaysia ex-PM Najib to face corruption trial in February
India, Afghanistan discuss development projects
Imran Khan to take oath as Pakistan Prime Minister on Aug 18: party leader
US to slap crippling sanctions on Russia over nerve agent attack in Britain
Khan's party and allies secure over 180 seats in NA: Chaudhry
Death toll from Greek forest fire rises to 93, victims named
Ivan Duque sworn in as new Colombian president
Argentina ex-Vice President jailed over corruption charges
Saudi Arabia expels Canadian envoy for urging activist's release
91 killed in Lombok and Bali earthquake
ENTERTAINMENT NEWS
Amala Paul injured while filming a stunt sequence for Adho Andha Paravai Pola
 Chennai: Actress Amala Paul met with an accident while shooting a stunt sequence for her upcoming mo  
Deepveer to tie the knot on November 20 in Italy
Maradona - People will love this guy
Kinavalli - Where six friends and a ghost meet
KERALA NEWS
Kerala flood: Papa CJ expressed his willingness to perform at fund-raiser programmes
 Stand up Comedian Papa CJ on Thursday tweeted his willingness to perform at any fund-raiser programs
Declare Kerala floods a national disaster: Rahul Gandhi asks PM
PM announces an interim relief of Rs 500 Cr
PM's aerial survey called off
NATIONAL NEWS
Swami Agnivesh assaulted on way to pay homage to Atal Bihari Vajpayee in New Delhi
 (New Delhi, Aug 17, 2018):Social activist Swami Agnivesh was assaulted on Deen Dayal Upadhyay
Water level of Mullaperiyar to be reduced to 139 feet, orders SC
Lead Us, DMK Leaders Tell Stalin, Day After Brother Alagiri's Message
No income generated from YI-National Herald transaction: Sonia Gandhi to HC
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.