Tag Archive for 'Highway Bill'
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Gary Godbersen, GOMACO President and CEO, was the 2015 recipient of the prestigious Hartmann-Hirschman-Egan Award from the American Concrete Paving Association (ACPA). The presentation was at the ACPA’s 52nd Annual Meeting in Bonita Springs, Florida, Friday, December 4.
This award has been presented annually since 1968 to the most elite members of the industry. This is the first time a father and son have received the award. Harold Godbersen was honored posthumously in 1991.
In a letter from Gerald Voigt, President and CEO of the ACPA, he stated, “This award recognizes individuals and organizations for unparalleled commitment, dedication, participation, and leadership in the concrete pavement community.
“Your selection as the recipient for 2015 recognizes your long-time support for the American Concrete Pavement Association, dating back 30 years. It also pays tribute to your vision and innovation in concrete paving equipment that has triggered advancement in all areas of slipform pavement construction and the equipment to support our industry.
Godbersen is also a member of the AEM Hall of Fame: https://www.aem.org/HallOfFame/HallOfFamers/Bio/?I=18
From Transportation Secretary Anthony Foxx:
On my first day at USDOT, it had been more than eight years since Congress had passed a long-term surface transportation bill, and my efforts to push hard for a long term bill began immediately.
The message I kept hearing was, “let’s do this later,” so I worked with my team to turn the corner from “impossible” to “inevitable.”
Today we finally broke through when President Obama signed the Fixing America’s Surface Transportation (FAST) Act into law, marking the first long-term transportation bill passed by Congress in 10 years… To read all of Secretary Foxx’s comments click here
After 36 extensions Congress n the U.S. House of Representatives and U.S. Senate both approved a five-year, $305 billion highway, transit and railway authorization bill. The overwhelming, bipartisan vote was 359-65 in the House and 83-16 in the Senate. President Obama is expected to sign the bill into law on Friday, December 4, 2015
The Bill known as the Fixing America’s Surface Transportation (FAST) Act. The FAST Act provides nearly $233 billion for highways, $49 billion for transit and $10 billion federal passenger rail. By the end of the bill’s five-year duration, highway investment would rise by 15% and transit spending would grow by nearly 18%. The FAST Act is the longest surface transportation authorization bill since the enactment of a five-year bill in 2005.
The bill includes:
- Creation of a dedicated $1.25 billion freight program to help ensure federal investments are targeted at improving U.S. economic competitiveness;
- Providing $900 million per year for large-scale projects under a new, nationally-significant freight and highways program;
- Cutting the TIFIA program from $1 billion annually to around $300 million per year. TIFIA helps leverage billions of dollars in private sector capital for investment in our nation’s infrastructure;
- Innovation initiatives, such as establishing a national program to explore surface transportation funding alternatives to the fuels tax; and
- Investment in transit by creating a new research and deployment program, increasing funds for fixed guideways, and establishing a new bus facility program.
The bill was paid for through $70 billion in general fund money, which came from sources unrelated to transportation. The largest offset comes from spending down a capital surplus account in the Federal Reserve. The bill does not #FixTheTrustFund as ASCE had been calling for, because it does not provide a sustainable source of revenue to the Highway Trust Fund. The Highway Trust Fund is now slated to experience a $24 billion shortfall starting in fiscal year 2021 should Congress fail to provide a funding fix.
For more information and details on FAST CLICK HERE