Chao Says Private Investors Can Help Boost Transportation - News Summed Up

Chao Says Private Investors Can Help Boost Transportation


The incoming Trump administration is looking to "unleash the potential" of private investors to boost the national transportation networks that underpin the U.S. economy, Transportation Secretary-designate Elaine Chao told lawmakers Wednesday. She was labor secretary during George W. Bush's administration and deputy transportation secretary under President George H.W. Unions say that as labor secretary, she mostly sided with industry when enforcing labor and safety rules. But transportation experts note that investors are interested only in transportation projects that produce revenue, such as toll roads, and there are relatively few large projects like that. As transportation secretary, Chao would be responsible for regulating auto, truck, train, transit, pipelines and aviation safety.


Source: ABC News January 11, 2017 09:07 UTC



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