Published: Sat, August 19, 2017
Finance | By Kristine Clayton

Trump rolls out executive order to speed infrastructure permitting, approval

Trump rolls out executive order to speed infrastructure permitting, approval

He called out LeFrak of the LeFrak Organization and Roth, chairman of Vornado Realty Trust, during a June 7 speech in Cincinnati as part of the White House's "infrastructure week" to praise their participation.

The Federal Flood Risk Management Standard, established by Obama in an executive order, required federally-funded infrastructure projects to "address current and future flood risk and ensure that projects funded with taxpayer dollars last as long as intended".

Under Trump's executive order, the president aims to streamline the process through regulatory reform-which will benefit the oil and gas industry, as more permits will be granted for their projects.

The order is meant to eliminate and streamline some of the permitting regulations needed to construct federally-funded roads, bridges, pipelines and other infrastructure.

Trump later said the EO "also requires agencies to work together efficiently by requiring one lead agency for each major infrastructure project. We disagree with today's executive order, and hope the President will reconsider his decision so that our country can reduce the loss of lives and property to disasters, and reduce the amount of taxpayer dollars spent on rebuilding and repairing communities after a major storm strikes", the organisation said in an August 15 statement.

Trump also confirmed that the EO will set "a two-year goal for completion of the permitting process", while also holding various federal agencies accountable for their roles in such reviews. "We are going to have worsening conditions".

President Donald Trump has unveiled new plans to speed up approval processes for highways and other infrastructure projects, by revoking an environmental regulation aimed at protecting against the effects of climate change.

Sierra Club Executive Director Michael Brune added that Trump's plan not only wastes taxpayer money, but puts people in danger. Infrastructure should built in a period of a few years, not a decade.

Earlier, the president was set to "receive an update from his infrastructure team", a White House official said to CNN. The council is not meeting its potential, the White House said at the time.

"This is what we will bring it down to; this is less than two years", Trump said.

Democrats have urged the administration to focus on the streamlining provisions that have already been approved but not yet fully implemented and said the problem is really a lack of direct federal spending for projects. It would not prohibit state and local agencies from using more stringent standards.

Trump reignited controversy about his response to the violence in Charlottesville during a press conference on Tuesday that was supposed to be about his infrastructure plans.

Climate change considerations included in infrastructure decisions included sea-rise concerns, and conservation groups decried the order.

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