U.S. Secretary of Transportation Anthony Foxx March 30 unveiled the Obama Administration’s Grow America 2.0 proposal, a six-year, $478 billion transportation infrastructure funding plan. It calls for $126 billion more than current investment levels and $238 billion more than estimated Highway Trust Fund (HTF) revenues over the period.
Most of the details of Grow America were included in the Obama Administration’s FY 2016 budget, which was released back in February. Read an ARTBA summary of the plan.
Foxx, speaking at POLITICO’s Playbook Lunch at the Newseum in Washington, D.C., said the transportation system in the U.S. was “in a huge ditch, a pothole if you will,” adding it is time for Congress to act on a long-term transportation bill and stop “rooting against ourselves as a country.”
“Americans are the ones stuck in traffic,” Foxx said, noting the six-year proposal will help give states and local governments more certainty in their funding. ARTBA data shows states, on average, count on federal funds for 52 percent of their capital highway and bridge project outlays.
The Administration says its plan will support millions of American jobs repairing and modernizing roads, bridges and railways and transit systems; ensure American business can compete effectively in the global economy and grow; and increase connections so that more Americans have access to jobs and education.
Congress has temporarily extended funding for highway/transit program dozens of times in the last six years. With the uncertainty surrounding the upcoming funding deadline, states like Arkansas, Georgia, Tennessee and Wyoming have announced plans to cancel or delay more than $800 million in projects. More than $1.8 billion in projects also remain at risk if Congress does not take action to fix the HTF by May 31.