, "Land Line Now" senior correspondent | Wednesday, March 25, 2015
With the deadline for the most recent extension of funding for the Highway Trust Fund rapidly approaching and Congress apparently no closer to action on a solution, more and more states are delaying or outright canceling highway projects over fears that they won’t have federal funding to get them completed.
The American Association of State Highway and Transportation Officials reports that the Georgia Department of Transportation recently delayed 329 projects statewide because of funding uncertainty. Those projects are worth an estimated $715 million dollars.
Meanwhile, Wyoming has delayed 18 projects worth about $28 million dollars. Arkansas has dropped a total of 8 projects so far this year worth nearly $60 million.
U.S. Transportation Secretary Anthony Foxx has told several congressional committees already this year that this problem will continue to get worse as Congress delays action on either another funding extension or a long-term highway bill.
The current funding extension for the Highway Trust Fund runs out on May 31.
Copyright © OOIDA