Friday, March 20, 2009

Stimulus Funds Making Their Way to Transportation Projects

In remarks to the National League of Cities in Washington, Transportation Secretary Roy LaHood said his department has moved quickly to release funds to state offices and transit agencies. In addition to the currently allocated funding, there soon will be additional opportunities to compete for discretionary funds for transportation projects. A team of senior officials across the department – the Transportation Investment Generating Economic Recovery (TIGER) team – is tracking every dollar spent in order to ensure accountability and transparency.

LaHood added that the new authorization bill for highway and transit programs will soon be taken up by Congress. The new authorization must address the need to look beyond the Highway Trust Fund and find new ways to finance surface transportation programs, such as a national infrastructure bank, public-private partnerships and tolling on newly built highways.

You can read the original DOT news release here.

Related articles and posts:
Transportation Secretary Discusses Economic Stimulus Package
U.S. Transportation Dept. Releases Budget Framework

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