President Obama recently released his four-year surface transportation reauthorization proposal. According to the US Department Of Transportation, the President will include as part of his FY15 budget submission to Congress a four year, $302 billion transportation reauthorization proposal. It would provide an $87 billion increase over the current spending levels.
Some new programs in the proposal include:
- New Freight Program
- New Critical Immediate Investments Program (similar to the previous “fix-it-first” proposals)
- New FAST (Fixing and Accelerating Surfact Transportation) Program Competitive Grants