IBTTA discussing investment for US highways

A debate run on Tuesday June 21st by the International Bridge Tunnel and Turnpike Association (IBTTA) will discuss funding problems for the US highway network. Portions of the interstate highway system are more than 50 years old. According to IBTTA, the interstate system is crumbling due to neglect, lack of maintenance, and inadequate funding. From an initial investment of US$129 billion the cost to first build the Interstate highway system, it will now cost the US from $1.3 trillion - $2.5 trillion to rebu
April 19, 2012 Read time: 2 mins
A debate run on Tuesday June 21st by the International Bridge Tunnel and Turnpike Association (63 IBTTA) will discuss funding problems for the US highway network. Portions of the interstate highway system are more than 50 years old. According to IBTTA, the interstate system is crumbling due to neglect, lack of maintenance, and inadequate funding. From an initial investment of US$129 billion the cost to first build the Interstate highway system, it will now cost the US from $1.3 trillion - $2.5 trillion to rebuild the Interstate system over the next 50 years. Where will this money come from? And how will we stimulate the political will and public resolve to protect our investment and the vital economic lifeline it represents? These are the topics under focus. In a newly published paper, Ed Regan and Steven Brown of 4047 Wilbur Smith Associates explore the options for rebuilding America’s interstate highway system, taking a fresh look at the assumptions and political decisions about funding that have set us on our present course. Using new analyses and case studies, Regan and Brown point the way to an interstate highway renaissance, emphasising that states need new options and fewer restrictions on methods to fund and rebuild this precious American resource. Join IBTTA in person or via the live webcast for the 90-minute discussion

Related Content

  • Is the US economic stimulus programme working?
    January 30, 2012
    In this third installment in a series of articles exploring the impact of the US economic stimulus programme on the ITS industry, Pete Goldin reports on the ongoing debate in Congress about American Recovery and Reinvestment Act. A debate continues to rage in the US Congress and in the media about the effectiveness of the American Recovery and Reinvestment Act of 2009 (ARRA), and especially the timeliness of the ARRA payments. Some of the arguments seem somewhat partisan in origin while others point out fla
    Read More
  • Economic crisis needs non-partisan perspectives to stimulate growth
    February 2, 2012
    Kary Witt, President of the IBTTA and Pat Jones, Executive Director and CEO, talk about the need to put aside partisan perspectives in order to deal with the current economic crisis
    Read More
  • Toll roads important to Trump’s infrastructure plan
    January 10, 2017
    According to The Hill, US toll roads may surge under a US$1 trillion infrastructure proposal being floated by Donald Trump. The president elect’s idea for rebuilding the nation’s roads and bridges relies on private companies instead of the federal government to back transportation projects. Experts believe this means investors will be attracted to projects that can recoup their investment costs using some sort of revenue stream, such as through tolls or user fees. “If he moves forward with an infrastr
    Read More
  • Secretary Foxx sends six-year transportation bill to Congress
    March 31, 2015
    Over the past year, US Transportation Secretary Anthony Foxx has visited more than 100 communities and heard one common story about crumbling infrastructure and dwindling resources to fix it with. Foxx has now sent to Congress his solution to this problem: a long-term transportation bill that provides funding growth and certainty so that state and local governments can get back in the business of building things again. The Grow America Act reflects President Obama’s vision for a six-year, US$478 billion
    Read More

Highlighted Content