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The Department of Transportation announced $600 million in federal grants under the Transportation Investment Generating Economic Recovery (TIGER) program. The money is being awarded to 72 projects out of 797 applications in a competitive process designed to focus resources where they are most needed.
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Freight interests are staking ground for the next highway program, asserting the need for sustainable funding, systematic planning and improved efficiency. The Freight Stakeholders Coalition, representing 18 carrier and shipper organizations including American Trucking Associations, published a 9-point platform for the upcoming debate over reauthorization of the program.
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New estimates released by the U.S. Department of Transportation's Federal Highway Administration show that American driving between July 2013 and June 2014 is at levels not seen since 2008.
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President Obama has signed the latest short-term extension of the federal highway program, starting a 10-month clock on yet another funding deadline.The $10.8 billion bill, passed by Congress at the last moment before the Highway Trust Fund dipped into the red, will keep the fund solvent until next May.
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Congress is inching ever closer to the edge of insolvency for the Highway Trust Fund. On Thursday afternoon the House rejected the Senate’s bill to patch the Fund into December and sent its original bill back to the upper chamber.
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The Senate Thursday night approved a $10.8 billion House bill to keep the Highway Trust Fund solvent through next May. This ensures that highway funding will continue for the next 10 months.
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The Senate passed a short-term patch to keep the Highway Trust Fund solvent until December 19, in effect setting up a vote this year on a long-term highway program. The $8 billion bill now goes to the House, which must act quickly if Congress is to keep the fund from going over the precipice.
Read More →The Senate is poised to debate and vote on a patch to keep the Highway Trust Fund solvent until a long-term program can be funded. The question for debate is, how long will the patch last?
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Congressional passage of a short-term patch for the Highway Trust Fund will avert the immediate crisis but not be cause for celebration, said Transportation Secretary Anthony Foxx. Foxx and other transportation leaders are calling on Congress to preserve long-term funding for surface infrastructure.
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As Congress struggles to preserve the Highway Trust Fund this summer and eventually pass a long-term highway bill, President Obama is using his executive authority to promote increased private investment in infrastructure. In remarks Thursday at the Port of Wilmington, Delaware, Obama announced a plan to help states and local governments use alternative financing for their infrastructure needs.
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