Federal Infrastructure Plan: March 7, 2018

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Presentation transcript:

Federal Infrastructure Plan: March 7, 2018 Serge Phillips, MnDOT Federal Relations Manager

Topics FY 2018 Federal Spending Update Trump Administration Infrastructure Plan Funding Leverage Existing Program Changes

FY2018 Federal Spending Update Current Funding Expires March 23, 2018 Spending Caps for FY2018 & 2019 – Big Increases Transportation and Housing Subcommittee Discretionary Grant Programs (TIGER, New Starts, Rail) $10 billion per year for “Infrastructure” President’s Budget for FY2019 includes Infrastructure Plan

Trump Administration Infrastructure Plan: Funding $200 billion in federal infrastructure funding - to leverage $1.5 trillion over the next 10 years. $200 Billion Breakdown Incentive Grants to States/Local Governments $100 Bill. Infrastructure Assistance for Rural Areas $ 50 Bill. Transformative Projects (Competitive Large-scale projects) $ 20 Bill. Federal Credit Programs $14 Bill. Other Loan endowments & interest payback assistance $16 Bill. Total: $200 Bill.

Trump Administration Infrastructure Plan: Funding Incentive Grants: $100 billion – USDOT/EPA/Corps of Engineers Competitive awards to spur additional investment, capped at 20% of project cost Rural Areas: $50 billion – $ 40 billion to states via formula $1.2 billion for Minnesota over 10 years Fast start-up: “Placeholder” for $40 billion in FY 2019 Transformative Projects: $20 billion – Commerce Competitive awards for projects without private sector money i. Demonstration track – capped at 30% ii. Planning Track – capped at 50% iii. Capital Construction Track – capped at 80%

Trump Administration Infrastructure Plan: Funding Program Cuts to Modal Programs? No mention of Highway Trust Fund D.J. Gribbin Devolution?

Trump Administration Infrastructure Plan: Leverage Federal Credit Programs: $14 Billion into $1.5 Trillion

Trump Administration Infrastructure Plan: Program Changes Highways: Toll Existing Interstate Commercialize Interstate Rest Areas Project Delivery Provisions Mass Transit Value Capture Mandate P3s

Thank you! Serge Phillips Sergius.phillips@state.mn.us 651-366-3075