WASHINGTON, D.C. – November 19, 2015 – (RealEstateRama) — U.S. Senators Chris Coons and Tom Carper (both D-DE) today sent a letter to House-Senate conferees negotiating a final Highway and Transportation Bill compromise, urging them to focus on our nation’s crumbling infrastructure by shortening the authorization period for the bill and using the savings to maximize annual investment levels for all surface transportation programs.
Over the past 20 years, total federal, state, and local investment in transportation has fallen as a share of GDP, while population, congestion, and maintenance backlogs have increased. In fact, America’s investment in transportation as a share of GDP is at its lowest point in decades, falling more than 50 percent since 1962. Sixty-five percent of America’s major roads are rated in less than good condition, one in four bridges require significant repair or cannot handle today’s traffic, and forty five percent of Americans lack access to transit.
With all this in mind, we strongly urge you to finalize a surface transportation conference report that can provide the maximum amount of benefits to American families and businesses by prioritizing increased investment for all surface transportation programs over the length of the authorization.