In hopes of modernizing the nation's infrastructure, President Obama revealed a plan to invest $302 billion in transportation over the next four years. As reported in Politico , the President hopes the additional funds will not only keep the Highway Trust Fund solvent in the short term, but provide a true long-term vision for a modern infrastructure. But it is not just highways that will be improved. The President's plan should also give a boost local agencies that are investing in light rail, street cars, and bus rapid transit.
The President will need support from both parties to ...
Nossaman's Infrastructure Practice Group regulary provides updates on infrastructure projects and finance issues across the country on its blog, Infrainsightblog.com. When the group provides an update that we think is informative for our readers, we try to mention it here.
One recent article by our Infrastructure Group, "New Surface Transportation Legislation Likely to Encounter Many Roadblocks in the Coming Months," seems particularly useful. The article indicates that the Obama Administration has the passage of a multi-year surface transportation bill high ...
The use of "government stimulus" spending to spur economic growth has been a point of heated political controversy for the past several years. A proposal outlined by President Obama over the weekend involves spending $50 billion on the nation's transportation infrastructure, focusing on the aging highway system, rail lines, and airports.
At a Labor Day rally in Milwaukee, Mr. Obama said the initiative would be part of a larger effort to fix 150,000 miles of roads, lay or rebuild ...
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