Senators urge adoption of extension of transport funding

Following the introduction of the Highway and Transportation Funding Act of 2015, Part II (H.R. 3038), legislation to fund and extend the authorisation for America’s highway and transit programs through the end of the year, Senators Bill Schuster and Paul Ryan stated: “This country needs a long-term plan to fix our roads, bridges, and other infrastructure, and this bill gives us our best shot at completing one this year. By providing resources through the end of the year, we can ensure construction cont
July 15, 2015 Read time: 2 mins
Following the introduction of the Highway and Transportation Funding Act of 2015, Part II (H.R. 3038), legislation to fund and extend the authorisation for America’s highway and transit programs through the end of the year, Senators Bill Schuster and Paul Ryan stated:

“This country needs a long-term plan to fix our roads, bridges, and other infrastructure, and this bill gives us our best shot at completing one this year.  By providing resources through the end of the year, we can ensure construction continues while we work toward a package that could close the trust fund’s shortfall for as many as six years.  We urge all members who want some long-sought stability in our highway and transit programs to support this critical extension.”

The Highway and Transportation Funding Act of 2015, Part II would provide the Highway Trust Fund with US$8 billion in new revenues. US$5 billion from tax compliance measures and $3 billion from extending an airline security fee for two additional years. 

Related Content

  • MaaS will be adopted quicker in Europe than in the US: here’s why
    December 5, 2018
    A new report suggests that MaaS will be implemented more quickly in Europe than in the US – but why should this be? Ben Spencer examines the arguments
    Read More
  • Joining old and new in Canada’s Highway 407
    June 17, 2016
    David Arminas visits Canada’s Highway 407 ETR to see how the concession is working and hear about new arrangements for the roadway’s extension. The Toronto region is North America’s eighth largest metropolitan area and its roads become notoriously congested. In 1997 Highway 407, a 68km concrete toll motorway which skirts the northern edge of Toronto, was opened and initially operated by the province and CHIC - a consortium of four leading Ontario-based companies. Finance came from the Ontario Financing Auth
    Read More
  • The bottom line - US surface transportation system needs major investment
    December 12, 2014
    The 2015 Bottom Line Report on transportation investment needs, released by the American Association of State Highway and Transportation Officials and the American Public Transportation Association, estimates that to meet current demand it will require an annual capital investment over six years by all levels of government in the amount of $120 billion in the nation’s highway and bridge network and US$43 billion in America’s public transportation infrastructure. To meet the combined surface transportation
    Read More
  • Tolling is a ‘powerful tool to maintain and manage an infrastructure network’
    August 15, 2017
    Officials have recently moved to scrap tolls on several highways for the first time in 40 years, bucking a national trend toward more tolls on mostly urban roadways to shift the costs of transportation to those who use the roads, writes Associated Press. A regional authority voted this week to eliminate tolls on the Cesar Chavez Border Highway in El Paso. On the same day, Dallas city council rejected plans to build a toll road along the Trinity River. The council's action appears to be the death knell for a
    Read More

Highlighted Content