Daily Management Review

Donald Trump's trillion-dollar infrastructure plan is not going to work out


03/03/2017


A month before becoming president in 2009, Barack Obama promised to implement a fairly ambitious program for infrastructure renewal by reconstruction of roads and bridges of the USA, which also would create a large number of jobs.



Gage Skidmor
Gage Skidmor
Then, Obama suggested that ready-to-start projects would help in this process, but two years later he found what Donald Trump appears to learn soon: there is no such thing as projects ready to be implemented.

Speaking in the US Congress on 28 February, Donald Trump said he intends to draft a bill providing for allocation of $ 1 trillion investments to build roads, bridges, tunnels, airports and other infrastructure, which condition remains wanting. According to Trump, this project will involve millions of Americans.

Obama once recognized that implementation of such projects need to go through a number of bureaucratic procedures, which could take several years, sometimes even decades. As noted by William Ibbs, professor of construction management at the University of California at Berkeley and President of Ibbs Consulting Group, it took 23 years to replace a bridge in San Francisco damaged during an earthquake in 1989.

Large and important projects could not be implemented simply just because of the fact that they have received funding. There should be a long-term and well-developed forecast for their implementation, said Sarah Kline, a member of Bipartisan Policy Center in Washington.

Donald Trump gave no details of his plan for infrastructure renewal and how funding will be allocated. At the same time, Republicans and Democrats disagreed over the extent of federal spending. Majority Leader in the US Senate Mitch McConnell said he wanted to avoid incentives worth trillions of dollars.

However, Trump still wants to shorten time for approval of priority infrastructure projects in various instances which cannot be influenced by the federal government. Head of the White House even signed several orders in the first week after his inauguration to do this. However, experts believe that it is unlikely that the system will be changed fundamentally because of a large number of players involved in the process.

source: bloomberg.com






Science & Technology

Apple takes up to develop Apple Watch for health monitoring

Hyperloop is growing in Europe

Analysts: US gamers prefer mobile games

Google Assistant Winner Of Head-To-Head Test Of Digital Assistants, Beats Siri And Alexa

Animals Can Burn Muscle To Supplement Body Water Needs, Finds A Study

The future of private flights at Farnborough air show

Experts Want To Fix Problem Of AI Hurting People Of Color And The Poor

New Study Claims Astrobiologists Locating Possible Life On Moon In Its Life Time

Wreck Of Russian Ship Rumoured To Have 5,500 Boxes Of Gold Found Near South Korean Island

Gene Editing of Human Embryo Could Find ‘Moral’ Grounds: UK’s Ethics Council

World Politics

World & Politics

Venezuela comes up with a new monetary reform

Paris is losing its icon public bicycle sharing system

Heat wave in Europe creates problems for brewers

Is it legal to print a gun? US is discussing 3D printing of firearms

Southeast Asian Leaders To Seek Clarity Of US Policies For The Region Form Pompeo

The world economy is accumulating environmental debt

US To Invest $113 Million In Asia To Counter Chinese Influence

US Intelligence Detects New Activity At Its Missile ICBM Factory: Reports