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Trump says infrastructure plan will speed approvals, cut regulations

Washington — US President Donald Trump said Wednesday that he was focused on reducing "burdensome" federal regulations and streamlining the approval and permitting process for oil and natural gas pipelines and other infrastructure projects.

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"They're getting approved so fast," Trump said during a televised speech in Cincinnati, Ohio.

Trump credited his administration with approving the Keystone XL and Dakota Access pipelines.

"Nobody thought any politician would have the guts to approve that final leg," said Trump, claiming that he has received no "heat" for approving the Dakota Access pipeline.



Joined by US coal, steel and petroleum industry executives, Trump gave his speech along the banks of the Ohio River with barges carrying "West Virginia coal" in the background.

The speech was intended to detail his administration $1 trillion infrastructure plan, but Trump offered few details.

"America wants to build," he said.

Related: Find more content about Trump's administration in our news and analysis feature.

According to a White House fact sheet, the plan will reduce permitting time for projects from 10 years to two years. Trump's proposed budget includes $200 billion to rebuild infrastructure and projects will be funded through a combination of loans and grants, the White House said.

"Government will get out of the way to allow State and local governments to succeed at meeting their unique challenges," the White House said.

Interior Secretary Ryan Zinke, who appeared at the event, said the plan was part of Trump's focus on "energy dominance" rather than energy independence.

--Brian Scheid, brian.scheid@spglobal.com

--Edited by Richard Rubin, richard.rubin@spglobal.com