Recently, we described the announcement of President Trump’s $1.5 trillion infrastructure plan (the “Plan”). Today, we report on what has developed since the ambitious proposal was unveiled.

The Plan -

As we reported previously, the Plan would result in $1.5 trillion in new infrastructure investment by leveraging $200 billion over 10 years in federal spending. The remainder of the funding would be derived from a combination of state and local government funding and private capital through P3 projects. To facilitate the projects, permitting would be eased through amendments to National Environmental Policy Act (“NEPA”) and other regulatory schemes that many credit with dramatically slowing down, if not effectively killing, infrastructure projects. Eligible projects would include ports, roads, waterways and airports. On the latter, the Plan would allow for the privatization of airports and facilities attendant to terminals, such as restaurants and shopping malls. State laws would also be relaxed to permit greater use of tolling on interstate highways and the use of rights-of-way for commercial purposes.