Moving Forward on Transportation Infrastructure Funding

To quote the General Contractors Association, “The Time to Think about Infrastructure is while It is Still Working.” And as a new year begins, now seems to be the time to rethink new construction and repair of infrastructure of all categories.

Staten Island Projects-3-WebCrop

St. George Ferry Terminal Ramps Rehabilitation

The nation’s highways are primarily financed by the Highway Trust Fund, which obtains most of its money from a gas tax of 18.4 cents per gallon. This tax is not tied to the price of gas or inflation and, as a result, has lost much of its purchasing power over the years. The Obama Administration recently held an Infrastructure Investment Summit to find solutions to the infrastructure funding crisis.

While the Senate Environment and Public Works Committee approved a $265 billion 6-year transportation bill that reauthorizes MAP-21, it still leaves a gap of $100 million between Highway Trust Fund revenues and proposed spending levels, which impacts both our mobility and economy. Continue Reading…