Congress has finally approved a new, long-term surface transportation program – the FAST Act. The $305 billion package will boost investments in highway and transit projects, giving State and local transportation agencies five full years of dedicated federal assistance, unlocking stalled projects and unleashing a new wave of contracting opportunities for engineering firms…To preview how the FAST Act will impact the business outlook for A/E/C firms, The American Council of Engineering Companies (ACEC) presents an exclusive on-line seminar: The New Federal Transportation Program – What It Means for Your Business.
View this complete post...Posts Tagged ‘FAST Act’
The New Federal Transportation Program: What It Means for Your Business – Webinar, December 14th, 1:30pm- 3pm EST
Wednesday, December 9th, 2015Our Future with the FAST Act: James Corless, Director, Transportation for America
Wednesday, December 9th, 2015“…I think unfortunately we’ve come to a point in the U.S. and in Congress that infrastructure writ large is still somewhat a bipartisan issue—and I think this sort of cemented that for at least the next 5 years—but the type of infrastructure is not. So we’d like to see a more performance driven system where you invest in the projects that give you the biggest bang for the buck, and unfortunately I think we’re still going to be stuck in these kinds of 20th century silos for the next 5 years.”
View this complete post...A Requiem for the Highway Trust Fund
Tuesday, December 8th, 2015Innovation Newsbriefs
Vol. 26, No. 8
The FAST Act, signed by the President on December 4, marks the beginning of the end for the Highway Trust Fund as we have known it. The $305 billion 5-year measure draws heavily on general funds (to the tune of $70 billion), and relegates to a virtual anachronism the “user pays” principle that was the philosophic foundation of the federal-aid highway program for the past 60 years.
AASHTO TV: The Pros and Cons of the FAST Act
Tuesday, December 8th, 2015Congress has approved Fixing America’s Surface Transportation Act (FAST Act) – the first long-term highway and transit program authorization in a decade –giving state DOTs the certainty to plan and implement significant investments in the nation’s aging infrastructure. In this Transportation TV Exclusive American Association of State Highway and Transportation Officials Executive Director Bud Wright and AASHTO Chief Operating Officer Jim Tymon react to the historic legislation. Wright and Tymon rely on their years of transportation policy expertise to examine the highlights and downsides of the FAST ACT.
View this complete post...Finally, the FAST Act Is Here!
Monday, December 7th, 2015On Friday, December 4th, President Obama signed into law the first long-term transportation bill the U.S. has seen in ten years. The “Fixing America’s Surface Transportation” or “FAST” Act marks a long-awaited bi-partisan compromise. The act calls for an 11% increase in funding over its five-year span, and makes provisions for $16 billion in annual transportation funding not covered by the gas tax.
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