Trump Administration Proposes $1 Trillion Towards Infrastructure Developmentprasaadmin
The Trump administration is preparing an infrastructure proposal worth approximately $1 trillion to bring the economy back to life. The plan comes to provide impetus to the U.S. economy, which is stuck in depression due to a nationwide lockdown that was instated to stop the spread of the Coronavirus.
The precursory version of the proposal sets aside funds for 5G wireless infrastructure and rural broadband apart from conventional infrastructure work on roads and bridges. Allocating spending towards technological infrastructure elaborates the onus government puts on technology sector to help bring the country out of recession.
The proposal being prepared by the Department of Transportation, will come as an opportunity for a broader package allocation, with the existing U.S. infrastructure funding law up for renewal by 30 September 2020.
“The proposal is very promising not only in terms of lending a hand to bring the world’s largest economy back to life but also futuristic with focus on 5G wireless infrastructure and rural broadband. It is a welcome step where the governments around the world are allocating funds towards technological infrastructure development”, said Mr. Jay Burse – President, Prasa Inc.
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