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ACEC News / Advocacy

September 10, 2020

ACEC and Industry Coalition Call for FAST Act Extension, Supplemental State DOT Funding

ACEC joined an industry coalition of 88 organizations in signing onto letter in support of a one-year extension of the FAST Act transportation programs, which are set to expire on September 30, and supplemental funding for highways and transit agencies to backstop declining revenues.  

The letter states: “Public agencies continue to face COVID-19 pandemic-induced revenue declines. As a result, state and local entities already delayed or cancelled $8 billion in surface transportation projects, with more on the horizon absent any clear sign of support from the federal government. Failure to approve a one-year extension with increased funding for the purpose of stability would only exacerbate this dire situation.”

Specifically, the coalitions call for:

1. A turn-key, one-year extension of the current surface transportation law with increased investment levels;
2. Emergency federal funding for state departments of transportation and public transit agencies—$37 billion and $32 billion, respectively; and
3. Provisions to ensure solvency of the Highway Trust Fund for the duration of the extension at a minimum.

Click here to read the letter.


All comments to blog posts will be moderated by ACEC staff.

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Date

September 10, 2020

Category

ACEC NEWS / ADVOCACY

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