FUNDING: Anthony Foxx takes his investment message on the road

National bus tour will highlight the importance of transportation investment

Funding News U.S. DOT April 11, 2014
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U.S. Transportation Secretary Anthony Foxx will travel across the country beginning Monday, April 14 to showcase the importance of transportation investment, at a time when the nation’s transportation bill is set to expire and the Highway Trust Fund is rapidly running out of funds.

 

The Invest in America, Commit to the Future bus tour will visit communities that have created jobs and new opportunities by investing in transportation, as well as communities with transportation projects that are waiting on needed funding. As he travels through eight states, beginning in Columbus, Ohio, and ending in Dallas, Foxx will make the case for a robust multiyear federal investment as proposed by the Obama administration that will address the current shortfall and meet the country’s future needs, all without adding to the deficit.

 

“Throughout our history, Americans have always been able to leave their children a brighter future, thanks in part to the opportunities transportation has provided,” said Foxx. “Right now, we are failing our children. We need to not only invest in America, but commit to the future—not only rebuild and repair our roads and bridges, but expand opportunities and economic growth for generations to come.”

 

According to the World Economic Forum, America’s transportation system is currently ranked 25th in the world, behind countries like Barbados and Oman. Without additional investment, deficiencies in our nation’s infrastructure will cost businesses more than $1 trillion every year in lost sales. Despite this growing need, the Highway Trust Fund, which provides most of the federal support for state transportation projects, is on track to start bouncing checks as early as August. In January, the U.S. DOT began posting a ticker online so the American people can track the remaining funds, available at http://www.dot.gov/highway-trust-fund-ticker (updated Wednesday).

 

On Feb. 26, Secretary Foxx joined President Obama to announce a plan to address the infrastructure deficit with a $302 billion, four-year surface-transportation reauthorization proposal. The plan will invest in our national infrastructure network, increase safety and efficiency, and provide greater access to ladders of opportunity, all without adding to the deficit. Later this month, Foxx and Obama will send a bill to Congress that will make this vision a reality and put more Americans back to work repairing and modernizing our roads, bridges, railways and transit systems.

 

Foxx’s tour will include visits to manufacturers, bridges, freight facilities and highway projects in an effort to raise awareness of America’s infrastructure deficit. Secretary Foxx will visit with business leaders, stakeholders and members of communities to discuss the projects that work—projects that are needed—and to ask them to commit to a future with an American transportation system that is second-to-none.

 

To follow the trip’s progress, go to http://www.dot.gov/invest-in-america.

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