US highway bill receives temporary extension

The US president recently signed a short term extension for highway funding. This two month extension will provide funding for highway infrastructure until the end of July. This is a very temporary measure made as the US Government has so far been unable to agree the longer term deal that will guarantee highway investment. The president did propose a six-year transportation bill worth some US$478 billion. This would have given the necessary funds to deliver the much-needed investment in the country’s transp
June 3, 2015 Read time: 1 min
The US president recently signed a short term extension for highway funding. This two month extension will provide funding for highway infrastructure until the end of July. This is a very temporary measure made as the US Government has so far been unable to agree the longer term deal that will guarantee highway investment. The president did propose a six-year transportation bill worth some US$478 billion. This would have given the necessary funds to deliver the much-needed investment in the country’s transportation system. The Highway Trust Fund is in particular need of investment and this short term political patch will not provide the necessary solution to help boost the US construction sector however.
Finance & Funding

Related Content

  • AEM leaders’ set agenda for boosting manufacturing jobs and lift U.S. economy
    March 1, 2013
    Two senior U.S. construction equipment industry figures have called for action on priority policies to create manufacturing jobs and expand the American economy. Speaking during the Association of Equipment Manufacturers (AEM) ‘state of the industry policy update’ press conference, 2013 AEM chair and Caterpillar Group president Stu Levenick and AEM president Dennis Slater said the Association’s agenda in dealings with Government was focussed on improving transport and transport infrastructure, energy infras
    Read More
  • Funding boost for Colombia’s rural roads
    October 11, 2022
    A funding boost will help improve Colombia’s rural roads.
    Read More
  • America: on the brink of better road asset management
    February 23, 2015
    It’s make or break time for highways maintenance in the United States, according to Greg Cohen, head of the American Highways Users’ Alliance, speaking at the Pavement Preservation and Recycling Summit in Paris today. What happens in the next year will make the difference between a decade of continuing crumbling road infrastructure or a renaissance in America’s highways, he told delegates attending the first day’s afternoon plenary session. All state governments must submit a road asset management plan to t
    Read More
  • Increased infrastructure spending
    February 22, 2012
    With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
    Read More

Highlighted Content