Start the countdown. The extention of the federal transportation bill, SAFETEA-LU, expires this Friday at midnight. At this point, it’s anyone’s guess what will happen to fix this. It originally looked like another extention would be required, but Transportation Issues Daily is reporting that Senate Majority Leader Reid and House Speaker Boehner were optimistic at the end of last week that a bill could be passed before July 1.

It sounds like nearly all transportation-related issues are resolved, but details haven’t been released. There are rumors the mega-projects program (PNRS) and other freight provisions will be scrapped. There’s also a rumored deal involving keeping the Keystone XL provision in exchange for keeping the Senate’s project streamlining provisions.

We’ll monitor events in Congress this week and keep you updated.

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