DENVER -- After months of speculation, President Donald Trump finally revealed his infrastructure plan Monday.
The plan calls for a $200 billion in federal investment but only on projects that local or state governments are contributing greatly to.
Public-private partnerships on transportation projects are also encouraged under the president’s plan.
The president’s plan pays for the incentives by cutting funding to other government agencies while also encouraging a faster permitting process so projects happen sooner.
“We are trying to build roads and bridges and fix bridges that are falling down,” Trump said.
But will Colorado benefit from the proposal? The early consensus is not as much as other states.
For instance, it’s estimated the federal government would only pay for 20 percent of a transportation project, requiring local and state governments to pay for the rest.
“It will help states that help themselves,” Colorado Department of Transportation spokeswoman Amy Ford said.
Ford said Colorado will still go after the money but admits other states with more robust transportation budgets might be in a better position.
“We have approximately a billion dollar a year funding gap for needs with transportation and people live it everyday,” Ford said.
Congresswoman Diana DeGette, D-Denver, doubts this legislation will ever make it through Congress.
“I think this is going to be a nonstarter in the United States Congress,” DeGette said.
“I don’t think state and local governments are going to have the kind of money it would take to do the match the president’s infrastructure plan envisions."AlertMe