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

  • Uruguay’s transport investment is seeing major gains
    August 1, 2017
    Uruguay’s road development programme will help deliver economic growth for the future - Gordon Feller reports. Uruguay is embarking on a new nationwide programme to rehabilitate 890km of roads, and the government intends to improve an additional 260km of dangerous highways and roads. This three-year programme aims to reduce traffic accidents, in part thanks to a US$70 million loan recently authorised by the World Bank’s board of directors. The new operation uses a special financing instrument known as “Prog
    Read More
  • Realigning Kenyan bypass to avoid quagmire and ease congestion
    March 22, 2012
    Japanese consultants are planning to realign a Kenyan bypass, as Shem Oirere reports. Japanese consultants are resolving an engineering quagmire involving a 17.5km bypass in Kenya's Coast region. The new design realigning the bypass is underway by Japanese International Cooperation Agency (JICA) consultants. The road is an alternative link from the hinterland to the south coast and to the proposed Dongo Kundu Port. The 23m-wide bypass would also serve to reduce traffic congestion across the Likoni Channel.
    Read More
  • Realigning Kenyan bypass to avoid quagmire and ease congestion
    March 21, 2012
    Japanese consultants are planning to realign a Kenyan bypass, as Shem Oirere reports. Japanese consultants are resolving an engineering quagmire involving a 17.5km bypass in Kenya's Coast region. The new design realigning the bypass is underway by Japanese International Cooperation Agency (JICA) consultants. The road is an alternative link from the hinterland to the south coast and to the proposed Dongo Kundu Port. The 23m-wide bypass would also serve to reduce traffic congestion across the Likoni Channel t
    Read More
  • Report reveals Russia requires heavy road investment
    May 18, 2012
    A report by Goldman Sachs reveals Russia’s requirement for further infrastructure investment. The report, Russian Infrastructure and Construction, shows that investments in transport corresponded to 1.5-1.7% of GDP in 2005-2010. For Russia’s total infrastructure needs, including power networks and communications, spending equated to 3.7-4.3% of GDP. But the report shows Russia should allocate at least 3.5-4.5% of its GDP to infrastructure while maintenance of existing infrastructure should make up about 50%
    Read More

Highlighted Content