Infrastructure funding for US projects will be used

The US Government is looking to ensure that unused funding for infrastructure projects will be used efficiently. Those projects that have stalled due to other issues may see existing funding reassigned to other infrastructure projects that are further ahead. The US Transportation Secretary Ray LaHood is making over US$470 million earmarked for projects
September 3, 2012 Read time: 1 min
The 908 US Government is looking to ensure that unused funding for infrastructure projects will be used efficiently. Those projects that have stalled due to other issues may see existing funding reassigned to other infrastructure projects that are further ahead. The US Transportation Secretary Ray LaHood is making over US$470 million earmarked for projects that have stalled available to states for projects that will create jobs and help improve transportation across the country. Some $473 million in highway earmarks from FY2003-2006 appropriations acts still remain unspent. Those acts contain provisions that authorise the Secretary to make the unused funds available for eligible surface transportation projects. Effective today, state departments of transportation will have the ability to use their unspent earmarked highway funds, some of which are nearly 10 years old, on any eligible highway, transit, passenger rail, or port project. States must identify the projects they plan to use the funds for by October 1, and must obligate them by December 31, 2012.

For more information on companies in this article

Related Content

  • Expanded and branded: RER Vélo bike project
    April 29, 2022
    Connected up cycling is becoming more important in France as the way to keep cyclists from giving up their COVID habit of pedalling to work and for pleasure. David Arminas reports.
    Read More
  • US federal highway trust faces running out of cash by 2015
    September 27, 2013
    America’s federal highway trust fund faces running out of money in 2015: a move that will have a “devastating impact” on states that rely heavily on federal funds for their road maintenance and construction needs, transportation officials warned the US Congress this week. Highway contractors, state transportation officials and the U.S. Chamber of Commerce all went to Washington this week to lobby Congress, arguing for a rise in the rate of federal gasoline tax to help boost the coffers.
    Read More
  • US federal highway trust faces running out of cash by 2015
    September 27, 2013
    America’s federal highway trust fund faces running out of money in 2015: a move that will have a “devastating impact” on states that rely heavily on federal funds for their road maintenance and construction needs, transportation officials warned the US Congress this week. - See more at: http://www.worldhighways.com/sections/general/news/us-federal-highway-trust-faces-running-out-of-cash-by-2015/#sthash.OH7KmQ0C.dpuf
    Read More
  • Mexico has plans for massive infrastructure investment
    July 19, 2013
    Mexico’s Government has plans for a massive programme of infrastructure improvements across the country. In all some US$314 billion will be invested in infrastructure, of which $47 billion will be targeted at improving the country’s transportation network. Mexico’s national transport and communications ministry, SCT, will manage the projects which include works for highways and airports. The plans are expected to include a combination of private and public funding sources, although further details have yet
    Read More

Highlighted Content