Title: TRANSPORTATION OFFICIALS LAMENT LACK OF FUNDS
Abstract: Concerns over tax shortfalls and federal funding shortages have impacted state transportation programs, leading officials to consider tactics ranging from keeping work inhouse, outsourcing to program managers, to seeking private and alternative public financing sources. Critics bemoan the U.S. Congress' slow pace to approve the reauthorization of surface transportation, aviation and intercity rail funding. Current funding expires September 30, 2003. While slow progress on bills and tax shortfalls in state transportation programs have created concern, capacity shortfalls and public needs still remain. Airport work is still attracting project financing, despite the problems that airlines have been experiencing. Freight and intermodal transportation remain congested, while unplanned security investments and upgrades continue to affect planned capital programs.
Publication Year: 2003
Publication Date: 2003-06-30
Language: en
Type: article
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