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Re: Amtrak train crashes from bridge on to freeway near Seattle
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Originally Posted by pip08456
You may be quite correct that the administration has limited the Government's investment representing a cut of 13% compared to Obama.
Where's the figures for the Private investment? It is a Public/Private investment scheme isn't it?
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https://www.apmreports.org/story/201...te-uncertainty
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Advocates for increased spending on the nation's roads, bridges, tunnels and other infrastructure programs are considering ways to move forward after President Trump unexpectedly rejected using private money to pay for the federal program.
Trump's policy shift is significant for an administration that spent the last nine months advocating private investment as the linchpin to generating $1 trillion in infrastructure spending.
Trump told members of the House Ways and Means Committee last week that he no longer favored private investment — also known as P3s — and was focused more on using money directly from the treasury to pay for the program, according to Rep. Brian Higgins, who was in the private meeting. "He said that they were more trouble than they were worth," recounted Higgins, a Democrat from New York.
A White House official confirmed Trump's reversal, saying private financing is "certainly not the silver bullet for all our nation's infrastructure problems." The administration wouldn't make anybody available to explain the change or the timing.
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