Here's what's in the Trump administration's $200 billion infrastructure plan


President Donald Trump's budget for the 2019 fiscal year surpasses $4 trillion and seeks big increases in money to combat the opioid epidemic and billions for his long-promised border wall.

Michael Pagano, dean of the College of Urban Planning and Public Affairs at the University of IL at Chicago, said the Trump administration attempt to leverage local government funds for infrastructure may not work because municipalities don't have the money.

White House aides told reporters in a phone briefing on Saturday that the proposal, billed only as "infrastructure principles" and to be part of Trump's budget plan on Monday, was just a starting point.

On Monday, the president is set to host a White House meeting of key Republicans and Democrats, including chairmen and ranking members from relevant committees, to discuss the way forward on infrastructure.

The US$1.5 trillion will come from a range of incentives and instruments in which government funding will play a lesser role than they do now, instead being used to match and leverage local funding. The new plan reduces that.

"This in no way, shape or form should be considered a take-it-or-leave-it proposal".

The White House is pointing to a wide variety of potential cuts in its budget proposal that could be used to offset the costs of the plan.

The rest of the money would support other infrastructure-related undertakings, including existing loan programs like the one operated by the Environmental Protection Agency under the Water Infrastructure Finance and Innovation Act, which White House officials said could leverage up to $40 in local and private money for every $1 in federal investment.

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The official said the default mindset for how to fund infrastructure projects needs to shift.

Topping the priorities in the budget plan is the $200 billion request in federal funds to spur about $1.5 trillion in infrastructure investments with state, local and private partners, Mulvaney said.

Democrats insist that any plan must include new revenue, which could mean raising the federal gas tax.

Government auditors note Congress transferred $140 billion to the Highway Trust Fund from 2008 through 2015.

Trump has not ruled out a gas tax hike and some in Congress have said they are open to the idea.

U.S. Treasury yields have been rising in recent weeks on worries that inflation is heating up as the spending package juices an economy already souped up by tax cuts and at or near full employment.

The plan has four overarching objectives: to stimulate US$1.5 trillion (S$2 trillion) in new investment in infrastructure; to shorten the permit process to two years; to invest in rural infrastructure; and to train Americans to take on new jobs. It would allow more students interested in skilled trades to use them.

Trump's proposal, which he alluded to in his State of the Union address, puts a premium on states and localities willing to pay a larger share of the cost for construction projects, according to a senior administration official speaking on condition of anonymity in advance of Monday's announcement. He will head to the Orlando, Florida, area on Friday to tout the plan, officials said.