NEW YORK: US President Donald Trump reassured manufacturers gathered in the White House Roosevelt room on March 31 that a massive infrastructure program was coming soon.
“We are going to make it happen” this year, he said, according to Drew Greenblatt, the president of Marlin Steel in Baltimore, who was present. “That was actually the first thing that he talked about behind closed doors with us,” Greenblatt added.
But putting a trillion-dollar infrastructure program to work could be easier said than done, as some of the projects suggested to the administration underscore.
Project lists submitted by the North America’s Building Trades Unions (NABTU) and by an outside developer who helped with the transition both contain projects that infrastructure builders call “shovel ready.”
But, for a range of reasons, shovel ready does not always mean ready for shovels to break ground. After NABTU President Sean McGarvey met with Trump on Jan. 23, the group submitted a total of 26 bridge, pipeline and water projects. A second list of 51 projects was assembled by Ohio developer Dan Slane, who assisted with the transition, including everything from inland waterways to ports to a new FBI headquarters.
While details on Trump’s plans are scant, a senior administration official said they are looking for ways to shorten the lengthy permitting process. “The current system has just lost its way,” he said.
Nine projects have garnered the support of both Slane and the NABTU, appearing on both lists; of those, seven have yet to start construction, and one has only done preliminary construction, highlighting how hard it is to launch infrastructure projects as quickly as Trump wants to do.
“The shovel ready moniker that they put on projects, it is just rarely applicable,” said Bill Miller, president and chief executive of two companies that overlap the two lists. The Power Company of Wyoming LLC is building the Chokecherry and Sierra Madre Wind Energy Project, and TransWest Express LLC is developing the TransWest Express Transmission Project, crossing Wyoming, Colorado, Utah and Nevada.
The Chokecherry and Sierra Madre wind project, which is being built in part on federal land, took eight years and “tens of millions of dollars” before it could recently start construction. The TransWest Express transmission project is still waiting for several state-level permits, Miller said.
“To be shovel ready is incredibly expensive and time consuming,” Miller added.
The administration says it wants to get ground broken fast. But some of that just might be out of the president’s hands, such as state-level permitting.
“A significant part of the president’s infrastructure plan will focus on streamlining, regulating and permitting so that it is easier for all viable projects to move forward in a timely manner. These reforms might not be driven by the hurdles facing a single project, but rather will create more certainty in the process overall,” a White House spokesperson told Reuters.
The delays that have beset a desalination plant proposed by Poseidon Water, a developer of water-related infrastructure, in Huntington Beach, California illustrate how clashing interests and regulations can hold up projects.
Poseidon first proposed the idea of a plant to turn salt water into drinking water for Orange County in the late 1990s and started permitting in the early 2000s, said Scott Maloni, a vice president at Poseidon and the Huntington Beach project manager.
The city of Huntington Beach originally approved the project in February 2006. But Poseidon still needed to secure 24 permits from state agencies, such as approval from the Santa Ana Regional Water Quality Control Board (RWQCB) for the plant’s national pollutant discharge elimination system, which is required by the Environmental Protection Agency (EPA).
After the city issued the necessary local approvals in 2006, project builder Poseidon was able to apply to the California Coastal Commission (CCC).
That application was amended several times over the years as the project evolved. For example, the plant had to alter its design after the state began phasing out power plants that use seawater for cooling purposes. Poseidon had planned to desalinate that wastewater, and changed its design to instead take in water directly from the ocean instead.
In 2013, Poseidon shelved the permit application after the state’s coastal commission directed the company to look into concerns about the effects of the operation on fish larva in the area.
The application was resubmitted in 2015 and then withdrawn yet again in September 2016, because the commission wanted proof the plans complied with new, 2015-passed rules from the State Water Board (SWB) on desalination plants.
That compelled Poseidon to redesign the plant’s seawater intake and discharge technologies.
The project still needs three more approvals, from the State Lands Commission (SLC), the Santa Ana RWQCB and the CCC.
Poseidon says they are confident they will secure the last approvals soon. But even then, construction might not start until the second quarter of 2018, Maloni said.
And the objections from environmentalists have not stopped.
The plant is “far from a done deal,” said Mandy Sackett, the California policy coordinator for the Surfrider Foundation. The foundation argues that the plant is unnecessary, expensive and energy-intensive, putting marine life at risk. Sackett said the foundation will continue to fight the project.
“There’s still several opportunities for public input and important regulatory review that is yet to be completed,” she said.
Delays hit ‘shovel ready’ projects in Trump’s infrastructure plan
Delays hit ‘shovel ready’ projects in Trump’s infrastructure plan
World must prioritize resilience over disruption, economic experts warn
- Al-Jadaan said that much of the anxiety dominating markets reflected a world that had already been shifting for years
- Pointing to Asia and the Gulf, Al-Jadaan said that some countries had already built models based on diversification and resilience
DAVOS: Saudi Arabia’s Finance Minister Mohammed Al-Jadaan urged policymakers and investors to “mute the noise” and focus on resilience, as global leaders gathered in Davos on Friday against a backdrop of trade tensions, geopolitical uncertainty and rapid technological change.
Speaking on the final day of the World Economic Forum in Davos, Al-Jadaan said that much of the anxiety dominating markets reflected a world that had already been shifting for years.
“We need to define who ‘we’ are in this so-called new world order,” he said, arguing that many emerging economies had been adapting to a more fragmented global system for decades.
Pointing to Asia and the Gulf, Al-Jadaan said that some countries had already built models based on diversification and resilience. In energy markets, he pointed out that the focus should remain on balancing supply and demand in a way that incentivized investment without harming the global economy.
“Our role in OPEC is to stabilize the market,” he said.
His remarks were echoed by Saudi Arabia’s Minister of Economy and Planning Faisal Alibrahim, who said that uncertainty had weighed heavily on growth, investment and geopolitical risk, but that reality had proven more resilient.
“The economy has adjusted and continues to move forward,” Alibrahim said.
Alibrahim warned that pragmatism had become scarce, trust increasingly transactional, and collaboration more fragile. “Stability cannot be quickly built or bought,” he said.
Alibrahim called for a shift away from preserving the status quo towards the practical ingredients that made cooperation work, stressing discipline and long-term thinking even when views diverged.
Quoting Saudi Arabia’s founding King Abdulaziz Al-Saud, he added: “Facing challenges requires strength and confidence, there is no virtue in weakness. We cannot sit idle.”
President of the European Central Bank Christine Lagarde stressed the importance of distinguishing meaningful data from headline noise, saying: “Our duty as central bankers is to separate the signal from the noise. The real numbers are growth numbers not nominal ones.”
Managing Director of the IMF Kristalina Georgieva echoed Lagarde’s sentiments, saying that the world had entered a more “shock prone” environment shaped by technology and geopolitics.
Director General of the World Trade Organization Ngozi Okonjo-Iweala said that the global trade systems currently in place were remarkably resilient, pointing out that 72 percent of global trade continued despite disruptions.
She urged governments and businesses, however, to avoid overreacting.
Okonjo Iweala said that a return to the old order was unlikely, but trade would remain essential. Georgieva agreed, saying global trade would continue, albeit in a different form.
Georgieva warned that AI would accelerate economic transformation at an unprecedented speed. The IMF expects 60 percent of jobs to be affected by AI, either enhanced or displaced, with entry-level roles and middle-class workers facing the greatest pressure.
Lagarde warned that without cooperation, capital and data flows would suffer, undermining productivity and growth.
Al-Jadaan said that power dynamics had always shaped global relations, but dialogue remained essential. “The fact that thousands of leaders came here says something,” he said. “Some things cannot be done alone.”
In another session titled Geopolitical Risks Outlook for 2026, former US Democratic representative Jane Harman said that because of AI, the world was safer in some ways but worse off in others.
“I think AI can make the world riskier if it gets in the wrong hands and is used without guardrails to kill all of us. But AI also has enormous promise. AI may be a development tool that moves the third world ahead faster than our world, which has pretty messy politics,” she said.
American economist Eswar Prasad said that currently the world was in a “doom loop.”
Prasad said that the global economy was stuck in a negative-feedback loop and economics, domestic politics and geopolitics were only bringing out the worst in each other.
“Technology could lead to shared prosperity but what we are seeing is much more concentration of economic and financial power within and between countries, potentially making it a destabilizing force,” he said.
Prasad predicted that AI and tech development would impact growing economies the most. But he said that there was uncertainty about whether these developments would create job opportunities and growth in developing countries.
Professor of international political economy at the University of New South Wales in Australia, Elizabeth Thurbon, said that China was driving a Green Energy transition in a way that should be modeled by the rest of the world.
“The Chinese government is using the Green Energy Transition to boost energy security and is manufacturing its own energy to reduce reliance on fossil fuel imports,” she explained.
Thurbon said that China was using this transition to boost economic security, social security and geostrategic security. She viewed this as a huge security-enhancing opportunity and every country had the ability to use the energy transition as a national security multiplier.
“We are seeing an enormous dynamism across emerging market economies driven by China. This boom loop is being driven by enormous investments in green energy. Two-thirds of global investment flowing into renewable energy is driven largely by China,” she said.
Thurbon said that China was taking an interesting approach to building relationships with countries by putting economic engagement on the forefront of what they had to offer.
“China is doing all it can to ensure economic partnership with emerging economies are productive. It’s important to approach alliances as not just political alliances but investment in economy, future and the flourishment of a state,” she said.
The panel criticized global economic treaties and laws, and expressed the need for immediate reforms in economic governing bodies.
“If you are a developing economy, the rules of the WTO, for example, are not helpful for you to develop. A lot of the rules make it difficult to pursue an economic development agenda. These regulations are not allowing the economies to grow,” Thurbon said.
“Serious reform must be made in international trade agreements, economic bodies and rules and guidelines,” she added.
Prasad echoed this sentiment and said there was a need for national and international reform in global economic institutions.
“These institutions are not working very well so we can reconfigure them or rebuild them from scratch. But unfortunately the task of rebuilding falls into the hands of those who are shredding them,” he said.
WEF attendees were invited to join the Global Collaboration and Growth meeting to be held in Saudi Arabia in April 2026 to continue addressing the complex global challenges and engage in dialogue.
