congress

Delaney Enters the Innovative Financing Fray

Freshman Member of Congress, John Delaney (D-MD), recently announced that he will be introducing an infrastructure funding bill which would create the Office of Infrastructure Investment and the American Infrastructure Fund. The proposal would develop a large scale financing mechanism for transportation, energy, communication, water, and educational infrastructure using a public-private partnership modal. According to......

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ASCE Statement on the President’s State of the Union Address

The following is a statement from Gregory E. DiLoreto, P.E., P.L.S, D.WRE, president of The American Society of Civil Engineers (ASCE), regarding President Obama’s State of the Union address: “As stewards of our nation’s infrastructure, the American Society of Civil Engineers applauds President Obama’s efforts to improve our country’s ailing infrastructure and get America back......

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The Big Picture on Infrastructure Investment

With our final report in the Failure to Act series released this week, we saw the big picture consequences of failing to invest in our nation’s infrastructure. With this report, ASCE set out to answer this key question: What is impact on America’s economic future if we do not invest in our infrastructure today? With......

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Driving Off the Fiscal Cliff

Congressional leaders and Obama Administration officials continued to meet behind closed doors the past several weeks in order to come to a compromise on the fiscal cliff. Many in Washington are speculating the possibility that the federal gas tax may be reexamined as a revenue option during discussions. Incoming House Transportation and Infrastructure Chairman Bill......

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Check Out Our New “Failure to Act” Economic Report!

Last Thursday, ASCE released its latest “Failure to Act” report on the economic impact of underinvestment in America’s infrastructure. In the report, we’ve projected a significant gap between planned investment and spending needs for the nation’s airports, marine ports, and inland waterways. With ports and inland waterways critical to our nation’s global competitiveness, the report......

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Congressional Budget Office Shows Concern for HTF

The Congressional Budget Office (CBO) predicts both accounts of the Highway Trust Fund will go broke sometime in FY 2015 unless Congress acts to shore up the fund that pays for surface transportation projects. According to a CBO chart obtained, the highway account will end FY 2012 with $8.7 billion and the transit account with......

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