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Spending plan of $1 trillion over the next ten years sounds pretty good to him. i m asking congress to support the construction of new roads, bridges, airports, do you believes and railways all across this nation, and we will put our people back to work. it s time to help get americans off welfare and back into the labor market. so that s just about a week ago. this apparent common ground between democrats and mr. trump is just the beginning of a long process. any plan would have to go through congress and a lot of thrifty republicans worried about where money for this would come from. it is very expensive, rebuilding u.s. infrastructure. $20 billion to $30 billion to complete the second avenue subway line. most of that money isn t going to be federal. back to you. president obama learned eight years ago just how hard it is to ....
Over the long-term, better roads, railways, ports, electrical grids, broadband. they invite businesses to operate more efficiently. they save them money, they create jobs. if you re a regular viewer of this show, you probably saw me go underground in new york city last summer to get a closeup look at one of the biggest public works projects in american history. i m talking about manhattan s second avenue subway line. completing it will cost around $22 billion or $24 billion. what s behind the mammoth tab? here s what i found out when i traveled ten stories underground. backhoe excavators that can cost $700,000 a piece. man lifts that sell up for to $500,000. see that hydraulic drill? they can go for $800,000 a pop. these are the machines of modern day engineering. new york has them working on the second avenue subway line. subways are expensive. way back when, the first subway in manhattan was 21 miles and ....
That s going to help the country in terms of moving our stuff around more efficiently. going to help us in terms of the carbon emissions created by long-haul trucking, in terms of the congestion on the road. when you bring in the private sector as well as the public with the kind of mare acrattic public approach, there is a synergy there. you mentioned the second avenue subway in an op-ed you wrote. you said there s a joke about chinese tourists who asked their new york city tour guide how long the subway will take to finish. and on being told two years, the translator hesitates and asks, wait a second, you mean two weeks right? what are you getting at there? it does take us longer to do things. of course, it s a lot harder to put a subway under new york city than if you re building it in the middle of an empty space in china. and also, we have to respect the rights of our citizens who live above it. ....
Better than another. i think it s one of the reasons why you need some sort of technical, nonpolitical body, maybe a couple of them to judge these things. i like the idea of a national infrastructure bank that might be like the world bank, which does countries, would have technical experts who wouldn t necessarily decide things, but at least give a point of view, to say what are really the benefits, what are the likely costs? we need a way to do that. there are just thousands and thousands of different projects all competing for the same money. and that s often the criticism. these things if you have an infrastructure if it becomes political, people will want it in their districts. people are going to tweet me to say that was amazing. i love that we re doing this, i love that we re building that tough and i m going to get as many tweets from people who say i have nothing to do with new york, i m never going to use the second avenue subway. why is $1.3 billion going into this. how do ....
Varieties, man lift that sell up to $500,000. see that hydraulic drill? they can go for $800,000 a pop. these are the machines of modern day engineering. new york has them working on the second avenue subway line. subways are expensive. way back when, the first subway in manhattan was 21 miles and cost $35 million. this one is about a mile and a half for about $4.5 billion. that s more than a billion dollars a stop. reporter: that s just for phase one. we went digging to find out what goes into the bottom line on a new subway line. it s a bargain. reporter: the most massive piece of equipment is the tunnel boring machine. the last time new york built a ....