Obama Launches Build America Investment Initiative

President Obama, speaking at the Port of Wilmington in front of the I-495 Bridge in Delaware, announced a new executive action to create the Build America Investment Initiative, a government-wide initiative to increase infrastructure investment and economic growth.

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Grow America Act: An Analysis

U.S. Department of Transportation Secretary Anthony Foxx unveiled the Obama administration’s Grow America Act, a $302 billion, four-year surface transportation reauthorization. The proposal would increase federal highway investment by almost $10 billion per year and public transportation investment by nearly $7.5 billion annually from FY 2015-2018.

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Grow America Act Unveiled

U.S. Department of Transportation Secretary Anthony Foxx unveiled the administration’s Grow America Act , a  $302 billion, four-year surface transportation reauthorization. NSSGA Chairman Paul I. Detwiler III, president and CEO, New Enterprise Stone & Lime Co., Inc., said, “We welcome the administration’s involvement in the reauthorization debate through introduction of a multi-year reauthorization bill. It is essential that Congress act…

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Highway Trust Fund Losing Steam Fast

According to the National Stone, Sand and Gravel Association (NSSGA), the U.S. Department of Transportation updated its monthly snapshot projection for when the Highway Trust Fund will have to slow payouts to states for road and bridge projects, and the situation gets worse with each report.  

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The Clock is Ticking

February 10, 2014 – The Congressional Budget Office released its latest estimates for the overall federal deficit Feb. 4 and projected that the Highway Trust Fund will need an infusion of $172 billion over the next 10 years to stay solvent, according to NSSGA. The new figures confirm what transportation industry stakeholders and administration officials have been warning since the passage of…

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