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Trump Reverses Course on Relying on Private Money for Roads

(Mark Niquette – Bloomberg)

President Donald Trump appeared to reverse course on a key element of his $1 trillion infrastructure plan, telling lawmakers in a closed meeting that public-private partnerships aren’t the solution for building and repairing the nation’s highways, bridges and ports.

In a meeting Tuesday to discuss his plan to overhaul U.S. taxes, Trump told Republicans and Democrats on the House Ways and Means Committee that such projects don’t work, according to Democrats Brian Higgins of New York and Terri Sewell of Alabama, who attended the session.

Transportation Secretary Elaine Chao and other administration officials have said for months that private investment would be a pillar of Trump’s plan to spur $1 trillion of infrastructure investment over a decade. In a framework of the plan released in May, the White House said the federal government would contribute about $200 billion, largely as an incentive to attract private investment and more spending by states and localities. Click here to read more.