On Dec 4,2015, US Pres Barack Obama signed the Fixing America's Surface Transportation (FAST) Act, a five year (FY 2016-FY 2020) $305 billion highway, transit, highway safety, and rail bill. The FAST Act has significant value to state and local governments in providing certainty of federal funding for transportation, as it is the first long-term transportation bill passed by Congress in 10 years after 36 short-term extensions. States and local governments can now move forward with critical transportation projects, such as new highways and transit lines, knowing there will be federal support. The FAST Act also takes the important step of increasing funding. Under the Act, funding will go up by roughly 11% over 5 years. An overview of some of the provisions in the new legislation is presented.
LONG-TERM TRANSPORTATION AUTHORIZATION PASSES: U.S. FAST ACT SIGNED INTO LAW
ITE journal ; 86 , 1 ; 28
2016
Aufsatz (Zeitschrift)
Englisch
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