Dec. 4, 2015 – Congress finally got it right – almost. Last night’s passage of the Fixing America’s Surface Transportation Act, or the FAST Act, sets America’s transportation industry on the fast-track to success. The five-year, $300+ billion bill goes a long way in sending a signal of confidence to construction markets. Make no mistake, this will be an economic shot in the arm to the aggregates industry. The only sour lemon in this deal is that although the bill formally reauthorizes the collection of 18.4 cents per gallon in gas taxes, it does not increase them, a need that went unaddressed and an opportunity missed. The bill does include $70 billion in “pay-fors” to close the $16 billion deficit in annual transportation funding. Look for more much reaction and analysis from Rock Products in the days, weeks and months ahead.
Full Article: House, Senate Pass Five-Year Highway Bill