FAST Act Plans
December 4, 2015 should be a day to remember for those involved with the USA highway system when President Obama signed a bill into law authorizing $305 billion in federal funds over the next five years for rail, highway development, public transportation and motor vehicle/motor carrier safety.
These extra miles will improve connections between major highways with intermodal rail terminals and ports.
Lawmakers approved $305 billion in highway funding.
Some allocations over the next 5 years include:
$205 billion – highways
$48 billion – transit projects
$10.8 billion – grants for freight projects
$4.5 billion – freight and highway grant program, where legislation offers funding for things that improve connectivity among modes and reduce congestion, as well as highway freight projects such as at-grade crossings and grade separations
$500 million – intermodal and freight rail projects
$6.3 billion – highway freight grant program that will distribute funding to each state based on a specific formula on the proportion of the number of miles freight travels within that state, which is similar to programs already in place nationwide.
Some plans in the making:
The Georgia Port Authority – $44 million
Port of Savannah – $84 million
Massport, Massachusetts Port Authority – $42 million
PANYNJ, Port of New York and New Jersey – $10.67 million
Port Authority of Maine – $7.72
In all, Congress will spend $800 million on FAST related projects this year.
To read more on details of each project, visit American Journal of Transportation.