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May 18, 2017

$200 billion in federal spending * USA: For insfrastructures

* DC - Trump road plan would rely largely on private funding

(Video from Shelby TV - Apr 25, 2017: Construction continues on M59 from M53 to Garfield watch for an update on the road work) 

--- President Donald Trump administration’s proposal for a $1 trillion bill to improve the quality of the nation’s roads and highways will be paid for mostly by private funding that will be stimulated by $200 billion in federal spending, Transportation Secretary Elaine Chao announced Monday... The remainder of the money would come from private companies that would enter into partnerships with local and state governments to provide financing that is necessary to complete expensive construction projects in exchange for revenue that would be generated by things such as road tolls or rail fares... The so-called “public-private partnerships” have been controversial because they typically involve states turning over operations and maintenance of public infrastructure to private companies that are seeking to make big profits... 
Washington, DC, USA - Detroit News, by Keith Laing - May 16, 2017

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posted by Unknown @ 4:26 AM  0 comments

Apr 27, 2013

BAD FREIGHT EFFICIENCY * USA

* Analysis: You can't talk freight efficiency without good roads and bridges

Washington,DC,USA -Land Line, by David Tanner -26 April 2013: ... The House Transportation and Infrastructure Committee’s Panel on 21st Century Freight Transportation heard from large shippers, carriers and ports on that and other topics during its first hearing Wednesday, April 24, on Capitol Hill... One thing is clear to everyone in the chain, and that is without improvements to infrastructure, those who move freight will continue to face congestion, deficient bridges and other challenges... A recent report by the U.S. Congressional Budget Office says the Highway Trust Fund, which funds roads, bridges and transit as well as federal transportation and safety programs from fuel taxes and other user fees, faces a $100 billion deficit over the next decade due to increased costs and a tapering off of receipts... Infrastructure issues will not be going away anytime soon... The Government Accountability Office says the average motorist driving a sedan currently pays about $95 into the Highway Trust Fund from the 18.4 cent gas tax... On the other hand, a trucker that buys 20,000 gallons of fuel a year pays $4,880 in diesel taxes... That trucker also pays a $550 Heavy Vehicle Use Tax each year. If that trucker buys 12 tires, that’s another $340 in tire taxes. The purchase of a new truck could put another $14,400 into the Highway Trust Fund due to the 12 percent excise tax on heavy equipment. A new van trailer might contribute another $3,000 into the fund due to the excise tax... Truck tolls and taxes are already funding things other than highways, bridges and transit, especially at the state level...

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posted by Unknown @ 4:42 AM  0 comments

Oct 9, 2008

INFRASTRUCTURES' FUNDS * USA - New State Panel to Study Privatizing Public Assets

New York,NY,USA -The New York Times, by Danny Hakim -1 Oct 2008: -- New York Gov. David Paterson has announced plans to form a commission to evaluate the possibility of privatizing public assets, including infrastructure, in a bid to raise capital that the state would otherwise lack in the event of further economic difficulties. "Public-private partnerships are not the only answer, but we need to honestly assess whether they can be part of the solution," said the governor in a statement. The Paterson administration said recently that it would consider some form of private partnership in a multibillion effort to replace the Tappan Zee Bridge. ..

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posted by Unknown @ 6:00 PM  0 comments

Sep 17, 2008

Infrastructures's Trust Fund * USA - Short-term fix signed into law

Washington,DC,USA -Land Line Magazine -16 Sept 2008: -- State transportation planners around the country are breathing a little easier today after President Bush signed into law a measure that will put $8 billion into the nearly bankrupt Highway Trust Fund... The president signed the bill on Monday, Sept. 15, authorizing the $8 billion to be transferred from general Treasury funds into transportation coffers... The trust fund normally relies on fuel taxes for its income, but that revenue declined at the same time that transportation funding needs increased. The decline in tax revenue coupled with diversion of funds from the Trust Fund – estimated to be as much as 40 cents per tax dollar paid in – have been blamed for the fund going broke...

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posted by Unknown @ 1:00 PM  0 comments