Government Issues

President Obama signs 5-year FAST Act surface transportation bill

Posted on December 4, 2015

**NOTE: There are various reports as to the amount of the bill, with Passenger Transport reporting the bill is worth $281 billion.

WASHINGTON, D.C. — With the most recent extension deadline about to expire, President Barack Obama signed the five-year, $305 billion Fixing America’s Surface Transportation Act (FAST Act) on Friday, reported The Hill.

The new law, paid for with gas tax revenue and a package of $70 billion in offsets from other areas of the federal budget, will invest $61 billion in the nation’s public transportation systems, according to American Public Transportation Association (APTA).

“As the first long-term surface transportation bill in ten years, the significance of this legislation cannot be overstated,” said APTA President/CEO Michael Melaniphy. “This is excellent news for America’s public transportation systems, their riders, and the small, medium, and large communities they serve. A well-funded, long-term surface transportation authorization is critical to the economic competitiveness and prosperity of our nation’s communities. To sum it up, wherever public transportation goes, community grows.”

The Administration had been critical of Congress for passing short-term extensions, with Obama noting upon signing the bill that lawmakers fell short of the six-year, $478 billion proposal he had sent to Congress earlier this year. For the full story, click here.

For more on the FAST Act, click here.

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

More News

BART rail may designate itself 'sanctuary in transit'

If BART does end up with the designation, it would be the first such agency to do so.

FTA to withhold funding from D.C., Md. and Va. pending safety oversight program

The funds will be withheld until the jurisdictions pass identical legislation and meet related requirements in order for FTA to certify a new SSOP for WMATA Metrorail.

Boulder, Colo. biz leaders pitch aerial gondola to link downtown

The idea was originally floated in 2009 by University of Colorado officials.

Chao confirmed as new Secretary of Transportation

Several prominent Democrats, including Sen. Charles E. Schumer and Sen. Elizabeth Warren, were among those voting against Chao, who had cruised through three confirmation hearings for other cabinet positions previously without a dissenting vote.

Senate Dems propose $1 trillion infrastructure plan

They pitched their plan to President Donald Trump and asked for his support.

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