Five things to know about Trump's infrastructure plan

Source: The Hill | November 20, 2016 | Melanie Zanona

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Republican and Democratic lawmakers frustrated by the lack of significant federal transportation spending are hopeful they can work with Trump on a bill, making it one of the few bipartisan issues that could see action next year.

Construction stocks soared following Trump’s acceptance speech in which he pledged to rebuild the country’s crumbling infrastructure, according to the Wall Street Journal.

“We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals,” Trump said. “We’re going to rebuild our infrastructure, which will become, by the way, second to none. And we will put millions of our people to work as we rebuild it.”

While the final details of Trump’s plan are still in flux, the real estate mogul has offered clues on the campaign trail about how he would work to repair the nation’s ailing transportation system.

Here are five things to know about Trump’s infrastructure ideas.

Trump’s plan relies heavily on private financing

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Private funding won’t help all projects

Critics of Trump’s private financing plan, however, say that private investors would only fund projects that have tolls or user fees that can recoup investment costs.

Therefore, critical infrastructure needs like repairing aging pipes, deepening ports or fixing existing roads and bridges without tolls may go neglected under Trump’s plan.

Trump wants to cut regulatory ‘red-tape’

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Trump thinks the plan would pay for itself

Trump claims his infrastructure proposal would be revenue neutral because it would pay for itself.

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Trump’s open to ideas — including from Democrats

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Trump wants to cut regulatory ‘red-tape’

In his infrastructure package, Trump wants to tackle the “mountain of red tape” that slows down construction projects.

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