WASHINGTON – The U.S. House of Representatives approved a massive $1.5 trillion infrastructure package on Wednesday by a 233 to 188 vote to boost spending on roads, bridges, public transit and rail but the White House and Senate Republicans both said they oppose the measure. Representative Peter DeFazio, the Democrat who chairs the Transportation and Infrastructure Committee, said the measure “deals with the incredibly deteriorated infrastructure in this country” and addresses the threat of climate…"U.S. House approves $1.5 trillion infrastructure bill but outlook uncertain"
WASHINGTON – The White House said Monday it opposes a $1.5 trillion proposal from congressional Democrats to boost U.S. infrastructure over the next decade, criticizing how it would pay for new spending. The Democratic-controlled House of Representatives is set to begin on Tuesday debating the measure, which includes a massive boost in spending on roads, bridges, public transit, rail, ports and airports as well as water systems, schools and broadband internet. A final vote is…"White House opposes $1.5 trillion House infrastructure measure"
– A U.S. House of Representatives panel is debating on Wednesday a Democratic plan to boost infrastructure spending that aims to fix crumbling roads and highways and reduce carbon pollution. The $494 billion five-year surface transportation bill wouldprovide $319 billion to fix 47,000 structurally deficientbridges and make other repairs, $105 billion for mass transit, build electric vehicle charging stations and invest nearly $30 billion in passenger railroad Amtrak and rail infrastructure. With a presidential election…"House panel debating $494 billion infrastructure measure"
WASHINGTON – The U.S. House of Representatives plans to vote on a Democratic plan to boost infrastructure spending in early July that aims to fix crumbling roads and highways and reduce carbon pollution. On Wednesday, Democrats, who control the House, introduced a $494 billion five-year surface transportation bill that would provide $319 billion to fix 47,000 structurally deficient bridges and make other repairs, $105 billion for mass transit and invest nearly $30 billion in passenger…"U.S. House to vote on infrastructure funding plan in July"
MADRID – Spain’s Telefonica could seek to make money from its stake in the CTIL masts company it owns with Britain’s Vodafone before or after closing a deal to merge its British unit O2 with Liberty Global’s Virgin Media, its chief operating officer said on Thursday. “Monetisation could take place once the (Liberty merger) has finished or be approached in between signing and closing,” COO Angel Vila told analysts on a conference call. “The asset…"Telefonica’s stake in tower firm CTIL is ready for monetisation: COO"
WASHINGTON – U.S. Senate Majority Leader Mitch McConnell called on his Republican colleagues on Tuesday to oppose an effort by the White House to insert infrastructure spending measures in an expected fourth coronavirus relief bill, Axios reported. “We need to keep the White House in the box,” he told senators, Axios said, citing two sources familiar with the call. “The Democrats and the White House both need to get the message,” the sources quoted McConnell…"U.S. Senate leader opposes infrastructure spending in next coronavirus relief bill: Axios"
WASHINGTON – President Donald Trump on Tuesday said the U.S. Congress should pass a $2 trillion spending plan to update the country’s roads, bridges and other infrastructure, calling for it to be included in the next bill lawmakers are currently drafting to respond to the coronavirus crisis, which they refer to as “Phase 4.” “With interest rates for the United States being at ZERO, this is the time to do our decades long awaited Infrastructure…"Trump calls for $2 trillion infrastructure bill to help economy during coronavirus crisis"
GENEVA – European countries need to invest to prepare their transport infrastructure for the impacts of climate change or face hundreds of millions of dollars in repair costs, a U.N. regional commission said in a study it says is the first of its kind. The study, conducted over four years by a group of experts within the U.N. Economic Commission for Europe (UNECE) and released on Tuesday, maps out sections of infrastructure and overlays it…"Europe’s infrastructure at “high risk” from climate change: U.N. study"
LONDON/ISTANBUL – JPMorgan has been picked as an adviser for the sale of a stake in a $7.3 billion motorway in Turkey, four sources familiar with the matter said. Billed as a landmark project in the financing of infrastructure schemes involving the government and the private sector in Turkey, the final section of the 426 km-long Gebze-Orhangazi-Izmir motorway was inaugurated last year to link Istanbul in the northwest to the western port city of Izmir.…"JPMorgan picked as adviser for sale of stake in $7.3 billion Turkish motorway: sources"