Although it is the first long-term surface transportation bill since SAFTEA-LU expired in 2009, which will give the industry a sense of security when planning, it still didn’t solve the most pressing issue — finding a sustainable funding mechanism.
House OKs $325B surface transportation bill
Passed by a 363-64 vote, the bill calls for spending $261 billion on highways and $55 billion on transit over six years. As expected, the legislation authorizes highway funding for six years, but only if Congress can come up with a way to pay for the final three years.
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