AASHTO Report suggests how to reduce transportation funding gap.
Press Release Summary:
Funding and Financing Solutions for Surface Transportation in the Coming Decade outlines options for meeting revenue needs stemming from gap between current revenues available for surface transportation and capital requirements. Report includes results from forum held for members of Congress and staff in September 2010, where discussions addressed near- and medium-term funding options for Federal programs, applications of Federal financing tools, and best funding and financing practices.
Original Press Release:
Reducing Transportation's Funding Gap: New AASHTO Report Offers Solutions
WASHINGTON, D.C. - According a congressional commission, the gap between current revenues available for surface transportation and capital needs each year is $137 billion.
In recognition of the need to discuss a broad range of tools to address this "funding gap," a new report from the AASHTO Center for Excellence in Project Finance outlines a number of options for meeting revenue needs.
This report is a result of a wide-ranging forum held for members of Congress and their staff in September 2010, at the U.S. Capitol Visitor Center. Entitled Funding and Financing Solutions for Surface Transportation in the Coming Decade, more than a hundred people took part in the discussions that were organized around six sessions that addressed:
Sen. Ron Wyden (D-OR), House Transportation and Infrastructure Committee Chairman John Mica (R-FL), Rep. Earl Blumenauer (D-OR), and former Pennsylvania Gov. Ed Rendell were among the many public and private sector leaders who participated in the forum and contributed to the conference report.
In addition, the AASHTO Center for Excellence in Project Finance has enhanced its website to include a new interactive map with detailed state-by-state transportation data from 1992 to 2008 for:
To view both the forum report and the state-by-state information, visit the AASHTO Center for Excellence in Project Finance website at www.transportation-finance.org.
The American Association of State Highway and Transportation Officials (AASHTO) is the "Voice of Transportation" representing State Departments of Transportation in all 50 states, the District of Columbia, and Puerto Rico. AASHTO is a nonprofit, nonpartisan association serving as a catalyst for excellence in transportation. Follow us on Twitter at http://twitter.com/aashtospeaks
