White House cuts size of infrastructure package by almost 25%

The White House sliced nearly 25% off its $2.25 trillion, 10-year infrastructure package, bargaining down to $1.7 trillion in an effort to negotiate with Senate Republicans who offered their own $568 billion, five-year package in April.

“In our view this is the art of seeking common ground,” said White House spokesperson Jen Psaki during a press conference on Friday. “This proposal seeks a willingness to come down in size, giving in on some areas that are important to the president while also...

https://www.freightwaves.com/news/white-house-cuts-size-of-infrastructure-package-by-almost-25

Hamburg Commercial Bank financing expansion of broadband network in Austria

Marcus Kleiner

Hamburg Commercial Bank financing expansion of broadband network in Austria

Hamburg – Hamburg Commercial Bank will provide the Austrian broadband company Infotech with a loan in the amount of € 30 million for a rollout of an FTTH-Network (fiber to the home).

This is the first project finance scheme for a broadband and fiber optic project in Austria. The objective of the project ‘Cybercity’ is to supply permanent broadband to a total of more than 30 communities in the Innviertel...

http://www.allaboutshipping.co.uk/2019/03/07/hamburg-commercial-bank-financing-expansion-of-broadband-network-in-austria/

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