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19
Mar
DOT Pegs Highway Spending At $101B Annually
The U.S. Department of Transportation March 16 announced a new report on the state of America’s transportation infrastructure points to a sizable gap between current spending and projected levels of investment needed to maintain the nation’s highway and transit systems.
DOT’s report, “2010 Status of the Nation’s Highways, Bridges and Transit: Conditions and Performance,” projects that $101 billion, plus increases for inflation, would be needed annually over the next 20 years from all levels of government – local, state and federal – to keep the highway system in its current state. It also identifies investments to improve the current state of highways and bridges that could total up to $170 billion a year.
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