Good news out of Washington – not
coincidentally, National Infrastructure Week and National Transportation Week -- as the
U.S. Senate’s Environment and Public Works Committee unanimously approved
a bill reauthorizing $265 billion in funding for critical infrastructure and
transportation-related development.
The bi-partisan bill, S-2322, also known as the Moving Ahead for
Progress in the 21st Century or MAP-21 Reauthorization Act,
would provide the states with six years of funding stability, protecting
current levels of investment and including an inflationary adjustment.
The bill maintains the core programs and formulas established in MAP-21,
creates a new freight mobility program, leverages more private sector
investment through the TIFIA program and state infrastructure banks, and
authorizes a new pilot study on mileage-based fees to fund the Highway Trust
Fund in future years.
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