(Bloomberg) -- President Donald Trump signed an executiveorder Tuesday that’s designed to streamline the approvalprocess for building roads, bridges and other infrastructure byestablishing “one federal decision’’ for major projects and settingan average two-year goal for permitting.
“This over-regulated permitting process is a massiveself-inflicted wound on our country,” Trump said in a pressconference at Trump Tower in New York. “It’s disgraceful.”
Related: The current state of floodinsurance
Flood risk & climate change decree rescinded
Among other things, the president’s order will rescind a previousdecree signed by former President Barack Obama that requiredfederal agencies to account for flood risk and climate change when paying for roads, bridgesor other structures.
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