2/17/2015

U.S. Unveils Infrastructure Investment Plan

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The White House is proposing a six-year, $478 billion budget to repair America's transportation infrastructure and expand the country's transit options.

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The White House is proposing a six-year, $478 billion budget to repair America's transportation infrastructure and expand the country's transit options. The funding would increase spending per year on those areas by about 75%.

The proposal includes:

  • $317 billion for rebuilding existing roads and bridges
  • $115 billion for transit systems and transportation options
  • $29 billion to develop high-performance rail programs
  • $7.5 billion to encourage multi-modal investment and competition
The proposed budget would be paid for by $238 billion in taxes on U.S. corporations' foreign income and $240 billion in taxes on gasoline and other sources.

A separate one-year proposal would give the U.S. Dept. of Transportation $95 billion in 2016 to advance transportation technology. The total includes $158 million for research on vehicle automation and vehicle-to-vehicle technology, and $42 million to establish data collections sites and expand NHTSA'S analytical capacity.