The Transportation Construction Coalition has drafted and sent a letter to Congressional leaders Nancy Pelosi, Mitch McConnell, Kevin McCarthy, and Chuck Schumer making the case for action now on highway reauthorization as a catalyst to spur economic strengthening in the face of the unpredictable effects COVID-19 may have on the industry.
Among the points in the letter:
"Past one-time infusions of federal infrastructure investments have had mixed results. By contrast, structured resources such as multi-year reauthorization bills and programmatic distributions through the annual appropriations process have helped states meet both immediate and long-term needs.
"In the near-term, additional resources would create and sustain new construction and related industry jobs and tax revenue. In the long-term, the capital assets constructed would enhance economic productivity for many decades to come by providing access to jobs, services, materials and markets."
The full letter can be read here.
Source: ARTBA
