An early release of Trump’s infrastructure program was released by McClatchey.
Cost 137 Billion, half public
Jobs, 193K direct, 241 indirect
They are actually understating the number of jobs they will create I think. There are couple of projects with no numbers (An Alaska LNG Pipeling) and a solar plant in the mojave desert. My guess is these were sitting on Governor’s shelfs. One project, I-93 in NH is actually underway and about half finished.
The Democrats proposed a $1 Trillion infrastructure plan, which would amount to 100 Billion a year and create 1.5 million jobs.
That sounds like a lot. It isn’t really. The US creates about 2.5 million a year – so you would get a one time increase in the first year. But over the course of 10 years even the Democratic plan would account for just 5% of all jobs created.
Here is the mix in Trump’s plan:
Airports 4.7 Billion (KC, Sea, St Louis)
Electricity transmission: 13.3 (includes projects to allow transmission from wind farms in Texas)
Highways: 21 Billion
Waterways: 13.9 Billion (includes upgrades to turbines on TVA)
Mass Transit: 48.23 Billion (includes bullet train from Dallas to Houston, Green line extension in Boston, track upgrades in NE corridor, and subway extension in Detroit, modernization in Chicago)
National Initiate – replacement of FAA software (good luck with that) and one other project
Oil and Gas: Pipelines 5 billion
Ports: 6 billion
Water: 5 billion (includes 3 billion for cleanup of Lake Erie)