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

For more information on companies in this article

Related Content

  • As east coast battles blizzard, IBTTA praises toll authorities
    January 25, 2016
    In advance of what turned out to be blizzard conditions along the US East Coast over the weekend, tolling authorities throughout the region shifted into high gear to prepare for the extreme, winter weather developments. “Toll facility operations sweat the details, plan well ahead, have the necessary tools and equipment needed for severe weather events and know how to use them,” said Patrick D. Jones, executive director and CEO of the International Bridge, Tunnel and Turnpike Association (IBTTA). “Our t
    Read More
  • ITS America maps out implications and opportunities for ITS industry
    November 28, 2012
    A critical milestone was reached in July 2012, when the US Congress passed, and President Obama signed, legislation reauthorising the nation's surface transportation programs, breaking a nearly three-year log-jam which had blocked critical transportation reforms and delayed much-needed infrastructure projects. In a town where compromise is sometimes considered an endangered species, Republicans and Democrats came together during a months-long series of negotiations and hashed out a bipartisan agreement that
    Read More
  • ITS America applauds passing of FAST Act
    December 7, 2015
    The US House of Representatives has approved the Fixing America’s Surface Transportation (FAST) Act, five-year legislation to improve America’s roads, bridges, public transit, and rail transportation systems and reform federal surface transportation programs. Among the FAST Act provisions are: US$100 million per year for intelligent transportation systems (ITS) research; Creation of a new US$60 million per year Advanced Transportation and Congestion Management Technologies Deployment Program designed to
    Read More
  • New US fuel efficiency standards would cost over US$65 billion in lost revenue
    April 17, 2012
    Friday’s proposal by the Obama Administration to increase fuel efficiency standards for cars and light trucks to an average 54.5 miles per gallon (4.32 litres/100 km) between 2017 and 2025 would result in the loss of more than $65 billion in federal funding for state and local highway, bridge and transit improvements, an analysis by the American Road & Transportation Builders Association (ARTBA) shows.
    Read More

Highlighted Content