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

Chicago becomes largest U.S. city to commit to 100% clean energy

The resolution also calls for complete electrification of Chicago Transit Authority’s bus fleet by 2040.

FTA allocates $1.36B in CIG funding for 16 new, existing projects

The agency has advanced funding for 22 new CIG projects throughout the nation since Jan. 20, 2017.

Greater Dayton RTA chief tapped to lead Bus Coalition

Mark Donaghy was voted into the position on March 17, at an annual membership meeting in Washington, D.C.

Mayor announces plan to create Atlanta's first city DOT

Announcement starts a period of assessing and developing the organizational and reporting structure of the eventual department.

FTA transfers WMATA safety, announces all states now meet oversight standards

In addition, approximately $48.5 million in FTA grant funding withheld due to the District, Maryland, and Virginia is now available

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