House Panel: DOT's $247B Proposal Not Enough for Nation's Needs

Sanchez, Humberto
May 2003
Bond Buyer;5/16/2003, Vol. 344 Issue 31637, p4
Trade Publication
The article focuses on the concerns expressed by leaders of a U.S. House panel over the inadequacy of U.S. Department of Transportation's (DOT) legislative proposal that will provide $247 billion over six years for highway construction, mass transit projects, and transportation safety programs. According to the DOT, in order to improve the nation's highways and transit systems the federal government must spend $62.4 billion on highways and $12.8 billion on transit by 2009. Under the DOT proposal, highways would receive $29.3 billion in fiscal 2004, which would increase to $33.9 billion in fiscal 2009. Mass transit would be funded at $7.2 billion in fiscal 2004, which would increase to roughly $8 billion over the six-year life of the bill.


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