Chao Warns Governors: Paying for Big Transport Plans to Be Hard
- Trump has pledged to spend $1 trillion on U.S. infrastructure
- Administration wants to tap private sector funds for projects
Vehicles move along the Interstate 405 freeway during rush hour in Los Angeles on July 10, 2015.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
The White House is working on plans for improving U.S. transportation and other key structures, but agreeing on how to pay for expensive new projects won’t be easy, Transportation Secretary Elaine Chao told the nation’s governors.
There’s a number of ways to fund critical upgrades and no consensus across the political spectrum, so there needs to be national agreement on getting a plan approved, Chao said in her first public appearance since taking office on Jan. 31.