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

  • Brazil weighs its WIM options
    July 21, 2021
    Recent legislation in Brazil is allowing greater use of weigh-in-motion technology, all in an attempt to address some familiar challenges, writes Intercomp's Jon Arnold.
    Read More
  • Firms urged to change Qatar infrastructure contract tender approach
    July 16, 2012
    Foreign companies aiming to deliver lucrative infrastructure projects in Qatar will need to reconsider their tender process approach, according to experts assembled at the MEED Qatar Infrastructure Projects conference in London. Participating speakers said international contractors need to be more strategic about their business development practices in the Gulf state and act more transparently during the bid phase to improve tender conversion rates.
    Read More
  • Working towards safer India mobility...
    July 18, 2012
    Sibylle Rupprecht, IRF-GPC Director General, looks towards sound mobility management at the 3rd Regional Conference of the International Road Federation 3rd-4th October 2008 in New Delhi, India More than 1.2 million deaths and 23 million injuries are caused by road accidents worldwide every year. Of these, India accounts for 10% of fatal accidents. These alarming figures were disclosed by the speakers at the 3rd Regional IRF Conference on 'Mobility and Safety in Road Transport' to some 250 engineers and exp
    Read More
  • Strategic road plan announced in the UK
    May 23, 2023
    A statement from National Highways in the UK said the emphasis is on boosting the economy “in an environmentally sustainable way” up to 2030 and beyond.
    Read More

Highlighted Content