To speed up infrastructure projects, officials are preparing to overhaul the federal environmental review and permitting system, which they blame for costly delays. Trump asked advisers whether they could collapse that process, which he said takes at least 10 years, down to four months. "But we'll be satisfied with a year," Trump said. "It won't be more than a year."

The Trump administration, determined to overhaul and modernize the nation's infrastructure, is drafting plans to privatize some public assets such as airports, bridges, highway rest stops and other facilities, according to top officials and advisers.

In his proposed budget released Tuesday, President Trump called for spending $200 billion over 10 years to "incentivize" private, state and local spending on infrastructure.