Elaine Chao
Showing 1–2 of 2 transcripts.
- Milken Institute29 min
A Conversation with US Department of Transportation Secretary Elaine Chao
Elaine Chao, Brian Sullivan, Brian Sondheim
Transportation Secretary Elaine Chao emphasized that the FAA will not recertify the Boeing 737 MAX until it is deemed safe, while simultaneously overseeing a nearly 50% budget increase to fund over $300 billion in infrastructure projects including $4 billion for the MTA. Amidst a pandemic recovery that has seen passenger volumes rebound to one million daily, the Department prioritizes rebuilding public trust through widespread safety measures and economic aid totaling $86 billion for transportation industries. The administration further established an Emerging Transportation Technology Council to regulate innovations like autonomous vehicles and air taxis, aiming to balance safety with private sector growth without endorsing specific technologies.
- Milken Institute53 min
The Coming U.S. Infrastructure Boom
Michael Burke, André Bourbonnais, Reed Cordish, Susan Gray, Terry McAuliffe, Elaine Chao, Mike Milken
The Trump administration proposes a $200 billion federal catalyst intended to unlock $1 trillion in total infrastructure investment over a decade, leveraging regulatory reforms to reduce approval timelines from ten years to two. Key figures including Secretary Elaine Chao and Governor Terry McAuliffe highlighted public-private partnerships as essential to closing state funding gaps, citing Virginia's success in lowering construction costs and accelerating projects like the Atlantic Gateway. To ensure viability, the plan mandates independent state funding, expands eligibility beyond transportation to include energy and broadband, and seeks to shift the U.S. infrastructure spending ratio toward global benchmarks by utilizing an infrastructure bank model and privatized operational structures.