Freight Infrastructure & Freight Insurance

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Building a Stronger America project was released on February 12, 2018. The project emphasizes third main points which is to build fast, build for the people, and build for the future.

Building Fast:

The Administration proposes a $1.5 trillion investment to correct America’s crumbling infrastructure and prepare America for better opportunities. The goal would be to fix the infrastructure deficit if Congress approves this legislation. “We will fix the broken permit process, so America can become a global infrastructure leader.” An example they used was when the Empire State Building was constructed it only took a year. Now to get an approval for a highway it takes at least 10 years. The permitting and approval process needs to be less than two years.

Building for the People:

The Administration would like to remove from the Federal Government the decision making of the projects. They would like to put into States hands this decision. The plan would delegate $100 billion to the use of State, local, and private investment.

Building for the Future:

$50 billion would be dedicated to the rural areas of America to address unique infrastructure challenges, rebuilding and modernizing bridges, roads, water and wastewater assets, water resources, waterways, power generation assets, and broadband. $20 billion would spur competition around bold, innovative, and transformative infrastructure projects to improve future infrastructure. The proposal would be committed to generate new projects that would increase employment and boost the demand for labor.

What impacts would this project have on the freight industry? Would it increase the demand for freight and make the transportation for freight quicker? Would this be a positive impact on the livelihood of millions through the US? Not only will there be an increase in freight transport but the need to protect this freight while in transit will be an integral part of freight transport. Freight Insurance has always been the most import part when transporting freight. Freight Insurance minimizes the risk and freight insurance demand has increased by billions of dollars every year. Read about us http://www.freightinsurancedirect.com

Written by Iris Arden (Ramon Inc.)

 

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