Stimulating the Infrastructure $130 billion of construction spending-1
Fixing a looming problem in the Highway Trust Fund–at least for now–President Obama has signed legislation providing a $7-billion infusion for the trust fund’s highway account. The additional money, which will be transferred from the general fund, is expected to keep the account solvent through Sept. 30 or perhaps a bit longer.
Analysis of the signed $787-billion stimulus bill which includes $130 billion of construction spending.
Authorization of the Federal Aviation Administration expired in September 2007. Since then, the FAA – including aviation infrastructure programs – has been operating under a series of short-term extensions. The House is tentatively scheduled to vote on reauthorization legislation (H.R. 915) Thursday, May 21.
Carol Metzner of CivilEngineering Central.com revisits the Minneapolis Bridge Collapse news item from two years ago and discusses what has been done as a result.
California Governor Arnold Schwarzenegger advocates for a high-speed rail system to modernize US infrastructure, which he considers to be on par with that of a developing country. He says, “Our trains go the same speed today as they were 100 years ago,” Schwarzenegger says. “So where is the progress?”
New ‘Report Card’ Says $2.2 Trillion in Repairs Needed