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Archive for the ‘Recovery’ Category

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AN ECONOMIC ANALYSIS OF INFRASTRUCTURE INVESTMENT

Wednesday, October 13th, 2010
Figure 1

U.S. DEPARTMENT OF TREASURY & COUNCIL OF ECONOMIC ADVISORS
On Labor Day, President Obama announced a bold plan to renew and expand America’s infrastructure. The plan includes a $50 billion up-front investment connected to a six-year reauthorization of the surface transportation program and the creation of a National Infrastructure Bank to leverage private capital and select projects of regional and national significance. The Department of the Treasury, with the Council of Economic Advisers, has conducted an analysis of the economic effects of transportation infrastructure investment. Our analysis found four key reasons why now is an optimal time to increase our investment in transportation infrastructure…

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Obama’s $50 Billion Infrastructure Proposal

Wednesday, October 13th, 2010

“Today, the average American household is forced to spend more on transportation each year than food. Our roads, clogged with traffic, cost us $80 billion a year in lost productivity and wasted fuel. Our airports, choked with passengers, cost nearly $10 billion a year in productivity losses from flight delays. And in some cases, our crumbling infrastructure costs American lives. It should not take another collapsing bridge or failing levee to shock us into action.”
-President Barack Obama

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Well Within Reach: America’s New Transportation Agenda

Monday, October 4th, 2010
Congestion

MILLER CENTER OF PUBLIC AFFAIRS, UNIVERSITY OF VIRGINIA
Transportation systems are the backbone of America: They keep our nation strong and moving. But we have not been taking good care of this resource. Lacking a coherent vision for our transportation future and chronically short of resources, we defer new investments, fail to plan, and allow existing systems to fall into disrepair.

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Transportation Funding in a Changing Political Environment

Monday, October 4th, 2010

A series of events toward the end of September addressed the challenge of inadequate transportation funding, a quandary that has long bedeviled transportation advocates. Collectively, these events paint a picture of a transportation community that is eager to increase investment in infrastructure but struggles in vain to find the means to pay for it — and probably can expect little help from the next, more fiscally conservative Congress, bent on reducing spending.

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More Projects and Paychecks: Transportation’s Summary of Recovery

Wednesday, September 29th, 2010
Transportation Construction Jobs Funded by ARRA—Breakdown by Mode

AMERICAN ASSOCIATION OF STATE HIGHWAY AND TRANSPORTATION OFFICIALS
The transportation investment in stimulus is working—and in every state across the nation. More than $40 billion in highway and transit projects have been approved and are moving forward—almost $30 billion are under contract on 16,761 different projects. More than 63,000 direct on-project jobs have been created or sustained in August as a result of the American Recovery and Reinvestment Act and states have already paid out $3.2 billion in payroll.

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50 NOTABLE ROAD, RAIL, PORT, AND AIRPORT PROJECTS

Tuesday, September 28th, 2010
Central Corridor Light Rail: This image shows how the Central Corridor LRT trains will turn from 12th Street onto Cedar Street and head south toward downtown St. Paul. The Minnesota Capitol is in the background.

CIVIL ENGINEERING NEWS
Stressed public budgets and delayed passage of long-term federal funding have taken a toll on many transportation infrastructure projects in the United States during the last year. Nevertheless, many significant projects are moving ahead. The inaugural CE News Transportation Projects Roadmap lists 50 notable transportation infrastructure projects in the United States — ranked by estimated cost — that are currently in some stage of planning, design, or early construction. The list includes 21 road/highway/bridge projects, 17 rail/transit projects, seven port/waterway projects, and five airport projects…
-CE News

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More Transit = More Jobs: The Impact of Increasing Funding for Public Transit

Monday, September 27th, 2010
Transit Spending as a Percent of Total TIP Spending

TRANSPORTATION EQUITY NETWORK
Research has consistently shown that spending on transit creates more jobs than spending on highways. Estimates of job generation include the workers who construct the infrastructure and operate transit, as well as the jobs created by suppliers to the construction industry and by the increased spending of workers in the local economy. Transportation spending also has indirect effects on job creation by increasing the efficiency of the transportation system and improving business productivity.

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Looking Past the November Midterm Elections

Thursday, September 23rd, 2010

In a guest commentary, Richard G. Little, Director of the Keston Institute for Public Finance and Infrastructure Policy at the University of Southern California, offers his own reflections on how the reality of constrained resources and greater spending discipline in the next Congress might affect our future transportation policy.

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Vote for America’s best transportation project of 2010

Tuesday, September 21st, 2010
Missouri Department of Transportation The I-64 St. Louis Project involved limited funds, an expedited construction schedule, and a coordinated public outreach campaign to allay public concern and minimize the potential impact on motorists. In December 2009, I-64 reopened to traffic nearly one month early and $11 million under budget.

Ten finalists, announced today by the American Association of State Highway Transportation Officials (AASHTO), AAA, and the U.S. Chamber of Commerce, are competing for the 2010 America’s Transportation Awards. The National Transportation Award will be decided by a panel of judges, but the People’s Choice Award will be decided by popular vote. Online voting starts today and ends October 18th, 2010.

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Posted in Highway, Local, National, Recovery, Roads, The Infra Blog, Urban Planning

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Breaking the Impasse

Monday, September 13th, 2010

Writing in last week’s Innovation NewsBrief we wondered if the intent behind the White House September 6 proposal to invest an extra $50 billion in transportation infrastructure was primarily a political gesture — to give the economy a short-term pre-election boost — or whether it was a belated but genuine change of heart about the need to act, and act convincingly, on a multi-year surface transportation program. In conversations we held during the past week, we sensed that the transportation community, including senior officials of U.S. DOT, would clearly prefer the $50 billion to be part of a long-term reauthorization effort.

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