Rock Products

MAY 2018

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IN THE KNOW www.rockproducts.com ROCK products • May 2018 • 13 FAST FACT He spoke at a union worker training center in Richfield, located between Cleveland and Akron. Trump Touts Infrastructure in Ohio President Trump visited Richfield, Ohio, on March 29 to talk up his infrastruc- ture plan, which currently seeks to invest $200 billion in new federal funds over a decade. He said that would spur $1.5 trillion in total project spending. Trump's plan includes: •  $100 billion to be directed to an Incentives Program to generate additional investment from states, localities, and the private sector. •  $50 billion to be devoted to rebuilding and modernizing rural infrastructure. •  $20 billion to go to promoting bold, transformative infrastructure projects. • $20 billion to go to expanding infra- structure financing programs. •  $10 billion to go to a capital revolving fund to help reduce inefficient federal property leasing that would be more cost-effective to purchase. He spoke at a union worker training center accompanied by U.S. Transpor- tation Secretary Elaine Chao and Labor Secretary Alex Acosta. Trump told the audience that Congress would probably wait until after the mid-term elections in November before lawmakers would act on major infrastructure legislation. "It can be passed in one bill or in a series of measures," he said. "What matters is that we get the job done." U.S. Secretary of the Interior Ryan Zinke added to the discussion in a statement released later that day. "President Trump is a builder and he knows that infrastructure is not merely an expense, it's an investment in Amer- ica. Every dollar we put into rebuilding our roads, bridges, transmission lines, and pipelines will bolster the economy," said Zinke. "At Interior, we have tens of thousands of miles of roads and bridges, pipelines, trails, docks, and more. We also are responsible for permitting infrastructure projects whether they are on federal lands or not. Between invest- ing in our public lands infrastructure to rebuild crumbling roads to streamlining the permitting process, we are support- ing President Trump's modernization of our nation's infrastructure." A major component of the president's budget for the Interior included an $18 billion fund to address critical infrastructure across public lands, to include National Parks. The proposal was picked up by Congress and a bipar- tisan bill was introduced in early March. "In our National Parks alone, we are behind more than $11 billion in needed repairs to roads, bridges and other infrastructure – and it has real impacts on the American people. In Ohio where the President just gave his speech, the National Park Service has a backlog of $103 million," said Zinke. "A couple weeks ago, a water pipeline in the Grand Canyon broke once again, which caused the villages in the park (roughly 2,000 residents and visitors plus busi- nesses) to go into drought mitigation plans while the pipeline was patched. And, just this week, there was an acci- dent at the Carlsbad Caverns in New Mexico that stranded visitors 740 ft. below the earth's surface for hours. We believe this could have been avoided if work to modernize the elevator system had been initiated sooner. That's just two examples of many. Modernizing our infrastructure is not a Republican or Democrat issue, it's an American issue." STACKING www.kpijci.com

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