TITLE

TIFIA Chief: State, Local Officials Need to Use Program or Face Its Demise

AUTHOR(S)
Ferris, Craig T.
PUB. DATE
June 2003
SOURCE
Bond Buyer;6/25/2003, Vol. 344 Issue 31664, p29
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
State and local transportation officials must use the Transportation Infrastructure Financing and Innovation Act program or risk either losing it or having it cut back, the head of the federal program warned. During the first year of the program in 1999, Mark Sullivan, chief of the program for the U.S. Department of Transportation said DOT obligated about $1.5 billion in projects out of the $1.6 billion that were authorized. Sullivan indicated that the lack of activity in the public-private financing program could mean that Congress will either cut the program back or even eliminate it when it considers renewing it as part of the Transportation Equity Act for the 21st Century, or TEA-21, which expires on September 30.
ACCESSION #
10152842

 

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