JobisJob search

find usa jobs online find international jobs online

AFF Transportation Bonds Support Infrastructure, Jobs

on March 10, 2014

CitiesSpeak

According to estimates from the Federal Highway Administration, local governments invested $53 billion in highway programs raised from local revenue sources, yet that amount does not come close to meeting the needs for investment in roads, transit, bridges, waterways and airports.

While Congress debates the renewal of a national surface transportation program and how to pay for it, local leaders continue to find ways to begin to meet the funding gap. The federal-local partnership is vital to local initiatives and provide local governments with new financing tools.

Among the most effective reforms included in the last surface transportation bill – MAP-21 – was a dramatic increase in funding for a low-interest federal financing tool known as the “Transportation Infrastructure Finance and Innovation Act” (TIFIA) program. President Obama requested that TIFIA funding be expanded to $1 billion in FY 2015 so the program can continue to successfully bolster the financial plans…

View original post 433 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: