In a press release the White House has estimated that it would take $3.6 trillion to bring the US’s infrastructure up to date by 2020. The release points out that across the US, bridges, pipelines, roads and railroads are in dire need of repair and modernization.
The press release also claims that to address these needs the US needs an increased commitment from federal, state, and local governments, but also increased investment from the private sector.
The White House also announced that it plans to advance major highway and port projects through the Transportation Investment Center at the Department of Transportation, working with local and state governments to improve project planning, promoting strong labor practices and workforce development, and attracting investors for US projects from around the world through the SelectUSA Program.
The world's largest collection of global supply chain intelligence