President Trump’s infrastructure plans probably involve more tolls

By The Economist online

FOR business travellers trying to work out what the Donald Trump era will mean for them, one of president’s central campaign promises seemed to bode well: investing up to $1trn in American infrastructure. But anyone hoping for smoother roads, faster rides and more efficient airports might be in for a rude awakening, in the form of long waits and extra expenses at the toll booth.

American infrastructure needs an upgrade. The American Society of Civil Engineers is already complaining that a 13-figure investment might fall short of the $3.6trn required to bring roads, airports, pipelines and the like up to par. But the crux of the issue is not the amount Mr Trump will spend; it is how that money will be allocated. The answer appears to be that it will be spent by private companies on projects where they can turn a profit.

On Tuesday, the Congressional Budget Office

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Category: Business and finance, Gulliver

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