The Trump administration is preparing an up to $1 trillion infrastructure package focused on transportation projects as part of its push to spur the world’s largest economy back to life, Reuters reported. The Department of Transportation’s preliminary version reserves most funds for projects such as roads and bridges, but will also set aside about a quarter of the money for priorities such as 5G wireless infrastructure and rural broadband. The White House, which has made similar proposals in recent years, is aiming to unveil its latest effort in July, one of the sources said. The administration proposal would extend the law authorizing highway and other surface transportation funding. The current law, known as the FAST Act, authorized $305 billion over five years and is set to expire on Sept. 30. The White House is likely to propose a 10-year reauthorization of the measure, which would be the longest-ever surface transportation bill and is set to release its proposal as early as next week.
