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Infrastructure Projects to Get Faster Approval: Transportation Secretary

Infrastructure Projects to Get Faster Approval: Transportation Secretary

Bloomberg BNA
April 6, 2017
By Brandon Ross

From Daily Report for Executives

Daily Report for Executives provides in-depth coverage of unfolding legislative, regulatory, and judicial news from the nation’s capital, the states, and around the world. This daily news service...

The Trump administration’s infrastructure plan will include reducing approval times for projects, Transportation Secretary Elaine Chao said.

Faster approvals will encourage private-sector investment in the country’s infrastructure, including ports, Chao said April 5 in a keynote address to the American Association of Port Authorities spring conference in Washington. Government red tape is the larger problem, rather than a lack of funding, as the private sector has plenty of money, she said.

“Investors everywhere around the country tell me that there is ample capital waiting to invest in infrastructure projects,” Chao said. “So the problem is not money. It’s the delays caused by government permitting processes that hold up projects for years, even decades, making them risky investments because of the uncertainty and the length of time involved.” FULL ARTICLE

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