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Industry Stakeholders React Positively to Biden's Infrastructure Plan
Transport Topics ^ | November 19, 2019 | Eleanor Lamb

Posted on 11/20/2019 10:32:25 AM PST by Tolerance Sucks Rocks

Presidential candidate Joe Biden has released an infrastructure plan that calls for $1.3 trillion in investment over 10 years.

The plan, released Nov. 14, makes a pledge to update the nation’s freight infrastructure, from highways and canals to railroads and tunnels. Biden plans to spend $50 billion over the first year of his presidency to repair roads, highways and bridges. He proposes a new $40 billion, 10-year Transformational Projects Fund, which will provide substantial grants for projects that are too large to be funded through existing programs, such as a major port upgrade or new tunnel.

Biden also plans to double funding for discretionary grant programs such as the Better Utilizing Investments to Leverage Development (BUILD) and Infrastructure For Rebuilding America (INFRA) programs.

Ed Rendell, former Pennsylvania governor and co-chair of the Building America’s Future Educational Fund, said Biden’s plan is a good step toward infrastructure investment. Building America’s Future is a bipartisan group of elected officials who advocate for investment in infrastructure and educate the public on infrastructure-related policy matters.

“If we’re serious about rebuilding the American infrastructure [and] making it competitive with other countries, you have to have a sizable investment,” Rendell said.

One major tenet of Biden’s plan is the research and adoption of energy-efficient vehicles. He plans to develop a federal research program to study reducing the cost of biofuels and developing more efficient engines for longhaul trucks. Biden also pledges to invest in public transportation systems and help states adopt electric cars, steps that are meant to help reduce greenhouse gas emissions.

“Every investment must not only go to help repair infrastructure, but help reduce climate change, and we think that’s a very positive step,” Rendell said. “Nothing could be better for climate change than getting more people to take public transportation.”

(Excerpt) Read more at ttnews.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: bidenplan; bridges; broadband; build; construction; democrats; edrendell; election2020; funding; highways; infra; infrastructure; joebiden; primaries; railroads; roads; transit; transportation; tunnels
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To: Buckeye McFrog

But he would have included language that made sure the money was spent where it was supposed to be spent and projects done on time. He would want accountability.

And that, is where they decided it was in their best interests not to do business with the President. No way for them to take care of their friends and get the kickback.


21 posted on 11/20/2019 11:00:29 AM PST by qaz123
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To: Tolerance Sucks Rocks

Would that be for “shovel-ready jobs”?


22 posted on 11/20/2019 11:18:23 AM PST by Mr. K (No consequence of repealing obamacare is worse than obamacare itself.)
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To: MNJohnnie

no,no...these are shovel ready...


23 posted on 11/20/2019 1:53:43 PM PST by stylin19a (2016 - Best.Election.Of.All.Times.Ever.In.The.History.Of.Ever)
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To: stylin19a

LOL


24 posted on 11/20/2019 1:58:05 PM PST by MNJohnnie (They would have to abandon leftism to achieve sanity. Freeper Olog-hai)
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To: Tolerance Sucks Rocks

how creative - Shovel-Ready boondoogle Ver.2.0


25 posted on 11/20/2019 1:58:52 PM PST by blueplum ("...this moment is your moment: it belongs to you... " President Donald J. Trump, Jan 20, 2017)
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To: Tolerance Sucks Rocks

The contracts will go to Ukrainians to kick back cash to Biden’s idiot son.


26 posted on 11/20/2019 5:03:57 PM PST by sergeantdave (Teach a man to fish and he'll steal your gear and sell it)
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To: blueplum

They’re not worried about the boondoggle part — they’re just worried about the union jobs part and the work order changes for extra money part and the lucrative contracts part.


27 posted on 11/21/2019 7:52:02 AM PST by Tolerance Sucks Rocks (Show me the people who own the land, the guns and the money, and I'll show you the people in charge.)
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