Bus

LaHood: reinvest cost savings on transit

Posted on April 23, 2009

Transportation Secretary Ray LaHood reminded the nation’s governors and state Secretaries of Transportation, this week, that any money they save on transportation projects paid for with American Recovery and Reinvestment Act dollars must be used for additional transportation projects.

Across the nation, reports are showing that contractor bids to build and repair transportation networks are coming in substantially below the original engineering estimates.

In a letter, Secretary LaHood urged the governors and transportation secretaries to take those cost savings and use the money for additional projects that will put more people to work.

“We will work with you to ensure that your state benefits from your frugality,” LaHood wrote. “Savings you accrue from awarding low bids and from reduced construction costs due to your oversight and project management should remain in your state to be spent on other eligible transportation projects.”

In just seven weeks, the U.S. Department of Transportation (US DOT) approved more than 2,400 requests worth $7.5 billion for highway, road, bridge and airport construction and repairs nationwide. Projects have been approved in every state. US DOT economists estimate that more than 39,000 job-years will be created just from the projects approved so far.

View comments or post a comment on this story. (0 Comments)

More News

Arrow Stage hosts Veterans Strong Appreciation Event

Over 200 guests attended to witness the evening’s main event, the unveiling of the full-sized custom Arrow Stage Lines’ Veteran Strong motorcoach. 

SFRTA unveils new Tri-Rail commuter connector

The fleet of 28 new vehicles and 2 refurbished vehicles will replace the existing Tri-Rail shuttle buses.

St. Louis Metro recognized for maintenance and asset management

Bus maintenance program has been able to extend the lifespan of buses by 25% and decrease the rate of breakdowns by 85%.

FTA confirmed to speak on new bus testing rule, more at BusCon 2016

A Transit Maintenance Forum pass is $98 and includes the forum as well as access to BusCon’s full educational program, the exhibit hall full of buses, networking event at the Indianapolis Motor Speedway Museum and much more.

Forest River ranks Top 3 Spots in Ford's top volume accounts

Starcraft Bus, Elkhart Coach and Glaval Bus finished first, second and third, respectively.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close