Uncertainty around federal infrastructure spending continues to hinder states from having the confidence to proceed with large infrastructure projects, economist Anirban Basu told attendees at the Construction Financial Management Association’s 36th annual conference.
Looking ahead to President Trump’s $1-trillion, 10-year infrastructure plan, rural states are laying down a marker. Transportation officials from rural areas say public- private partnerships generally won’t help them.
Eighteen highway and freight projects are in line to share $759 million in grants under a new U.S. Dept. of Transportation program that aims to help streamline the movement of vehicles and freight across a range of surface-transportation modes.
As the Interstate Highway System enters its seventh decade, last year’s five-year, $305-billion Fixing America’s Surface Transportation (FAST) Act will provide only a slight funding increase to address the system’s infrastructure needs.
After a slow start, the U.S. Dept. of Transportation is stepping up its work in distributing funding from the $305-billion, five-year Fixing America’s Surface Transportation (FAST) Act to state and local agencies.