The incoming head of the U.S. House Transportation and Infrastructure Committee wants the White House to back significant additional federal funds to rebuild U.S. roads, bridges and airports – given that President Donald Trump suggested on January 2 that a deal could be had, Reuters reports.
Oregon Rep. Peter DeFazio, who is to head the House of Representatives committee overseeing transportation once Democrats take control, had previously proposed $500 billion in funding by issuing 30-year bonds and using revenue from indexing fuel taxes to rise with inflation, the Reuters report says.
He told reporters on Wednesday he would be seeking significant funding for the nation’s roads and bridges, reports say.
“There has to be real money, real investment,” DeFazio told reporters. “We’re not going to do pretend stuff like asset recycling. We’re not going to do massive privatization.”