Trump announces US$1.5tn infrastructure plan
President Trump has announced an infrastructure program which he claimed would ‘stimulate’ at least US$1.5tn in new investments, including for port projects.
However the program, outlined in a 55-page legislative document, would not see the US government invest US$1.5tn directly if approved by Congress.
Instead it would authorise spending US$200bn on projects, which Trump hopes would then stimulate US states and the private sector to spend at least US$1.3tn.
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