January 24, 2018 / 9:22 PM / a month ago

Trump raises infrastructure investment plan to $1.7 trillion

WASHINGTON, Jan 24 (Reuters) - U.S. President Donald Trump said on Wednesday that his long-awaited plan to help rebuild the nation’s infrastructure will result in about $1.7 trillion in overall investment over the next 10 years, a larger figure than he has previously announced.

The plan, which will be detailed in part at next week’s State of the Union address, “will actually probably end up being about $1.7 trillion,” Trump told a gathering of mayors at the White House. Trump had previously estimated that the plan, which is expected to feature a mix of federal and local investment, at $1 trillion. (Reporting by James Oliphant; Editing by Lisa Shumaker)

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