Highway Funding Would Receive 34% Boost Under New Proposal

Federal highway investment would grow by $11.2 billion to $58.3 billion in FY 2022 under the $303.5 billion Surface Transportation Reauthorization Act of 2021 (STRA) According to the American Roads & Transportation Builders Association, the latest legislation unveiled in Washington would boost total investment for roads by 34 percent.  The Surface Transportation Reauthorization Act of 2021(STRA, recently introduced by Senate Environment & Public Works (EPW) Committee Chairman Tom Carper (D-DE) and Ranking Republican Shelley Moore Capito (R-WV) sets a new baseline funding level at a historic high of $303.5 billion for Department of Transportation programs for highways, roads and bridges. The legislation would grow Federal highway investment by $11.2 billion to $58.3 billion in FY 2022 (23.8 percent increase) for core highways and would distribute 90 percent of these funds by formula to states over its five-year life.   READ FULL ARTICLE >>