New plan to invest funds in to US highways

The US Government has proposed an investment of some US$320 billion for repairs on roads and transit systems. The US president, Barack Obama, has suggested financing this four-year plan by revising how businesses are taxed and closing tax loopholes. Another proposal has been to revamp the tax code that allocated spending of $126.5 billion for infrastructure and highways. One other option includes increasing taxes on fuels used in trucks and cars to pay for the upgrades. In addition, Obama unveiled the comme
February 27, 2014 Read time: 1 min
The 908 US Government has proposed an investment of some US$320 billion for repairs on roads and transit systems. The US president, Barack Obama, has suggested financing this four-year plan by revising how businesses are taxed and closing tax loopholes. Another proposal has been to revamp the tax code that allocated spending of $126.5 billion for infrastructure and highways. One other option includes increasing taxes on fuels used in trucks and cars to pay for the upgrades. In addition, Obama unveiled the commencement of a $600 million competition for grants to construct infrastructure for transit systems, roads and ports.
Finance & Funding

For more information on companies in this article

Related Content

  • Electric power projects planned
    January 26, 2018
    While diesel engines continue to be developed, there is no mistaking the current plans for electric driveline projects - Mike Woof writes The growing worldwide consensus on the massive threat to humanity posed by climate change means that the need to reduce exhaust emissions from transport and construction is becoming ever more pressing. As a result, industry is changing and new solutions are being found for transport and construction that will help lower environmental impact. Although many solutions are
    Read More
  • Global growth in machine rental
    May 20, 2015
    The machine rental sector is undergoing significant expansion worldwide – Dan Gilkes reports. Plant hire, equipment rental, leasing, call it what you will, being able to use a machine when and where you need it, with no further concerns relating to ownership costs, depreciation or sudden repair bills, remains a compelling argument for many contractors. Which is one of the main reasons for the continued growth in popularity of equipment rental across the world. Rental has been big business in the UK, the US
    Read More
  • Russian road tax plan
    March 5, 2012
    The Russian Government looks set to draft new laws covering funding of the road network.
    Read More
  • PPRS Nice 2018: maintenance moves mountains
    June 22, 2018
    Strategic maintenance was a major theme at the second Pavement Preservation and Recycling Summit in Nice, France. The world is changing, mobility is changing and so roads must change and adapt for the future.” With this brief statement, Jacques Tavernier opened the second PPRS Summit. “At the same time there is a growing awareness of poor or non-existent maintenance for highways. The question for this conference is how to adapt road maintenance in the face of this challenge,” said Tavernier, in his role as
    Read More

Highlighted Content