A purported draft of the yet-to-be-released White House plan to overhaul U.S. infrastructure was published by Axios on Monday.
The leaked document will be six pages long and also also also contains no specific dollar amounts for any of the initiatives introduced.
The White House signaled in December of which infrastructure could be the next issue to conquer after the passage of a massive tax overhaul at the end of 2017.
“We are not going to comment on the contents of a leaked document although look forward to presenting our plan inside the near future,” White House spokeswoman Lindsay Walters told CNBC.
The specifics could change by the time the White House releases a formal proposal. Here are some highlights by the document as published by Axios:
- Half of the appropriations inside the leaked plan will go toward an “infrastructure incentives” program giving federal grants to state, local or private entities. Grant awards can cover up to 20 percent of the total cost of the infrastructure plan, according to the document.
- Ten percent of the plan’s funds could go to a so-called Transformative Projects Program of which finances “exploratory and also also also ground-breaking ideas of which have more risk than standard infrastructure projects although offer a larger reward profile.”
- Through the Transformative Projects Program, the federal government could pay for up to 80 percent of capital construction costs, as well as 30 percent of demonstration trials and also also also 50 percent of post-demonstration planning costs.
- Twenty-a few percent of the funds could be put toward a Rural Infrastructure Program, which could be used to bring high-speed internet to rural areas, among various other applications.
Read the full document on Axios.