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But he noted that the federal government has been promoting alternatives to the traditional ways of financing infrastructure projects for some time. Henry Petroski, professor of civil engineering at Duke University, agreed with Heaslip.

#Trump 200 day plan driver#

“Federal intervention driver of infrastructure is just not going to be the way that it used to be, if this plan gets enacted.” He referred to the federal Highway Trust Fund that raises funding for transportation projects through gasoline and diesel taxes, and typically disburses 80% of road transportation and mass transit project costs to states. “ flips the script from what we’ve seen in this country from the New Deal forwards,” said Kevin Heaslip, associate professor of civil and environmental engineering at Virginia Tech University, whose specialties include transportation engineering and urban transportation planning. It’s all far from assured, with many open questions about crucial details. If instead the projects were funded by a gasoline tax - some proposals for a 25-cent per gallon increase have been floated - then the economic impact could be quite positive.Īdditionally, for it all to work well, several stars have to align, such as better-written contracts for public-private partnerships to ensure feasibility and easier regulation while ensuring enforcement of whatever rules apply, say experts. For example, if the projects are mostly debt financed, then the economic drag created by higher government deficits could potentially more than offset any economic benefit, according to Kimberly Burham, managing director of legislation and special projects at the Penn Wharton Budget Model (PWBM). What’s more, while the initial spending numbers being kicked around suggest some paths forward, how the projects would end up being financed could dramatically shift overall economic outcomes. It’s a big plan spread out over a long period, with many top-line elements that will determine the ultimate outcome yet to be defined, much less agreed to by Congress.

#Trump 200 day plan skin#

The plan for infrastructure radically changes how infrastructure investments have been funded in the past, including more skin in the game for states, tax-exempt bonds for private investors and the elephant in the room – a higher federal gasoline tax. The Trump administration’s budget for fiscal year 2019 includes $200 billion in federal funding for infrastructure projects, which is intended to stimulate state and private sector investments to make up a total of $1.5 trillion over a decade. Virginia Tech's Kevin Heaslip and Duke's Henry Petroski discuss the Trump administration's proposed infrastructure plan.

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