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

  • Japanese funding will help Kenyan infrastructure projects
    May 15, 2014
    Major investment in Kenya’s infrastructure from Japan will help boost the country’s transport connections and develop its economy. One of the key links for Kenya to benefit has been the Nairobi Western Ring Roads Project, which was recently opened to traffic Named the Cotton Road after a Japanese engineer, this new road will help tackle the Kenyan capital’s endemic congestion problems. Endless traffic jams have become the norm in Nairobi, not only impacting negatively on the health and productivity of r
    Read More
  • ARTBA reacts to US transportation budget
    February 9, 2012
    The US-based American Road & Transportation Builders Association (ARTBA) has revealed its response to plans by the US Government to invest in infrastructure. According to ARTBA, the current US Administration has proposed investing a total of US$128 billion in transportation for 2012 financial year.
    Read More
  • Protecting the roadway with guard rails
    November 10, 2015
    Tata Construction Products is a major player in the European road protection market and aims to boost its share of business - Mike Woof writes. Part of the massive Tata Group, Tata Construction Products is a major player in Europe’s business segment for steel guard rails. Rodney Rice, marketing manager, Tata Steel Construction Products, said, “Our market is predominantly Europe.”
    Read More
  • Increasing importance of alternate truck routes
    February 14, 2012
    The fabled Silk Route from China to Europe takes many forms, and is again becoming increasingly important as Patrick Smithreports The ancient Silk Road was never a single caravan route, but covered hundreds of kilometres in width extending in length for around 10,000km. This is the view of the European International Road Transport Union (IRU), and many other countries and organisations, who point out that it is a system of routes covering many countries via a series of branch roads that dates back some 2
    Read More

Highlighted Content