MORE FEDERAL FUNDS FORTHCOMING

The $151 billion, 6-year surface transportation act is discussed which authorizes a large increase in spending and sets new rules for building and maintaining the nation's roads, bridges and transit systems. In this, the first transportatsion legislation of the post-Interstate era, highways will receive the bulk of the funds, $119.5 billion for fiscal years 1992 through 1997. Mass transit will get $31.5 billion. Mass transit's annual average is 61% above aid available in fiscal year 1991. Included in the highway total is a new $23.9 billion surface transportation program that can be used for either roads or transit. The bill also establishes a National Highway System of at least 155,000 miles funded at $38 billion. The bill is expected to promote economic activity and particularly, construction. The bill includes a new pilot program funded at $30 million over 6 years to boost privatization.

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  • Corporate Authors:

    McGraw-Hill, Incorporated

    330 West 42nd Street
    New York, NY  United States  10036
  • Authors:
    • Ichniowski, T
  • Publication Date: 1991-12-9

Media Info

  • Pagination: p. 8-9
  • Serial:
    • ENR
    • Volume: 227
    • Issue Number: 23
    • Publisher: McGraw-Hill, Incorporated
    • ISSN: 0891-9526

Subject/Index Terms

Filing Info

  • Accession Number: 00617900
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Dec 31 1992 12:00AM