Moderate bridges and roads: Biden builds with $ 2000 billion

Moderate bridges and roads: Biden builds with $ 2000 billion

The amount is more than what former President Donald Trump wanted to spend on infrastructure projects. Trump was contemplating $ 1,500 billion, but he couldn’t get past that plan. Billions were spent on construction projects, but not at the scale he wanted to envision.

Caliph Joe Biden also wants to build and renovate. He will get help from well-known American businessmen and the business community. They will help out A number of proposals.

It will work this time

Biden is likely to succeed this time, says Rabobank economist Philip Marie. Trump had the problem that his party saw nothing in his expensive project. “Republicans want it, but not that huge amount that goes into it. Trump was actually in the wrong party.”

The Democrats, Biden’s party, love him. The economist said, “They want to spend money on infrastructure and now they have the majority of power. That is why I think it will succeed this time.”

Careers

Mary says the investment is essential, too. There is late maintenance. The ways that To collapseAnd the explosion of pipelines. One-tenth of the American bridges will be defective.

It needs to be done now, and not just for safety. “Also for logistics. When bridges collapse, travel times increase and that is bad for the economy.” It also creates jobs. “It is good for employment. Especially in the period of the epidemic.”

What if Biden doesn’t take on much of a $ 2,000 billion financial risk? “No, under the current circumstances the United States can handle this. Interest rates are now low and they can take advantage of that. They are in a good position for this kind of spending.”

See also  Crypto exchange Binance should also cease operations in Italy

Dutch builders

It is unclear whether Dutch builders will benefit from the US plans, Boind Nederland told RTL Z. “We are not aware of any builders currently working on US projects or who will win orders because of this suggestion from Biden,” the spokesperson said. Richard Maser.

Although, according to Maser, there is still enough work to do in your country. “A lot of work has stopped in the Netherlands because of the sewing stick problem. Whereas, as in America, there is a lot of infrastructure that needs to be addressed.”

Concerns about Dutch bridges

Not only does many homes need to be built but a lot of maintenance also needs to be done. The work that Bouwend Nederland members could do. “For example, there are many bridges from the 1950s to the 1970s that really need to be renovated.”

Americans are not the only ones in desperate need to spend money on their infrastructure, Maser says. “Bouwend Nederland is concerned. The projects should really start now. We will also have problems if we keep putting that off.”

Leave a Reply

Your email address will not be published. Required fields are marked *