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INFRASTRUCTURES * USA - Obama transportation plan likely to have to wait
Washington,DC,USA -The Washington Post, by Ashley Halsey III -September 8, 2010: ... President Obama's proposal on Monday to create an "infrastructure bank" may provide the long-sought solution for those reticent to raise the federal gas tax in the midst of a recession... What seemed virtually certain is that his proposal for initial spending of $50 billion on planes, trains and automobiles isn't going to gain much preelection headway in Congress, and most likely will wait until next year... The concept of an infrastructure bank to provide loans and grants for transportation projects has been discussed for decades by federal policymakers. It would leverage private capital and, ideally, be created with sufficient insulation to protect it from pork-barrel spending by Congress... In Milwaukee, the president outlined a proposal to invest in rebuilding 150,000 miles of roads, maintaining 4,000 miles of rail line and rehabilitating 150 miles of airport runway. The White House revealed some details of the plan in conference calls on Tuesday to transportation industry groups...The American Road and Transportation Builders Association was quick to insist that the spending be included as part of a reauthorization bill... Labels: infrastructures funds
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