TITLE

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

AUTHOR(S)
Sanchez, Humberto
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/16/2003, Vol. 344 Issue 31637, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
9893105

 

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