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surface transportation bill

5 FAST Act Takeaways: What it Means for Transit

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.   

Congress to vote on 5-year transportation bill this week

The measure calls for spending approximately $205 billion on highways and $48 billion on transit projects over the next five years. It also reauthorizes the controversial Export-Import Bank’s expired charter until 2019.