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White House says foreign investment key to infrastructure plan

White House says foreign investment key to infrastructure plan

The Hill
BY MELANIE ZANONA
06/20/17 04:53 PM EDT 

The White House believes that foreign investment will be key to fulfilling President Trump's promise to upgrade U.S. roads, bridges, airports and other public works, officials said Tuesday.

Treasury Secretary Steven Mnuchin said that the success of President Trump's $1 trillion infrastructure package — which is expected to rely heavily on the private sector — will likely depend on help from foreign investors.

“Working with foreign investors is going to be a critical part of any plan we put forward,” Mnuchin said at the SelectUSA Investment Summit in Washington. "Public-private partnerships are crucial to ensuring that the American taxpayer does not bear the full cost of any proposed program."

A number of foreign investors, including in Australia, Canada, Europe and the Middle East, already invest in U.S. infrastructure... FULL ARTICLE

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