Increasing annual U.S. infrastructure spending by $157 billion in the next eight years would save $3.1 trillion in gross domestic product, $1.1 trillion in trade and 3.5 million jobs, according to a new report.
January 15, 2013Infrastructure News Updates
All Options Are ‘on the Table’ for Road Fund, Shuster Says
The new chairman of the House Transportation and Infrastructure Committee said he remains open to any option that can increase the amount of federal funding available for highway projects, including the possibility of raising the federal fuel tax.
February 4, 2013States Strain to Find New Funding Sources for Repair, Maintenance of Roads, Bridges
Funding for roads and bridges continued to be the overriding issue for states in 2012 as transportation officials sought new ways to raise revenue.
December 24, 2012DOT to Make Up to $17 Billion Available in New Transport Infrastructure Loans
The Obama administration is making up to $17 billion available for transportation infrastructure project loans, thanks to a provision in the new transportation law, the Department of Transportation announced.
August 6, 2012Georgia Voters Reject Transportation Tax
Georgia voters in nine of 12 state regions rejected a 1% sales tax to pay for transportation projects, the Associated Press reported.
August 1, 2012Provision in New Transportation Law Frees Up to $17 Billion for Project Loans
The Obama administration is making up to $17 billion available for transportation infrastructure project loans, thanks to a provision in the new transportation law, the Department of Transportation announced.
July 31, 2012DOT Sets $500 Million in Transportation ‘TIGER’ Grants
Transportation Secretary Ray LaHood Friday announced that 47 transportation projects in 34 states will receive almost $500 million in funding from DOT.
June 22, 2012Michigan, Canada to Build New Detroit Bridge
Michigan and Canada have agreed to build a second bridge linking Detroit and Windsor, Ontario, Bloomberg reported Friday.
June 15, 2012Traffic Congestion Costs Billions in Wasted Fuel, Time, Report Says
Traffic congestion costs drivers more than $100 billion annually in wasted fuel and lost time, and American drivers waste about 1.9 billion gallons annually sitting in traffic, according to a new Treasury Department report.
March 28, 2012President Highlights Need for Infrastructure
President Obama in his State of the Union address Tuesday cited the need for more infrastructure, saying that “so much of American needs to be rebuilt.â€
January 25, 2012Trending
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