Equipment Type

Congress Reaches Deal on 5-Year Highway Bill

Members of the U.S. House of Representative and Senate announced a deal on a 5-year highways spending bill, called Fixing America's Surface Transportation.

December 01, 2015

Members of the U.S. House of Representative and Senate announced a deal on a 5-year highways spending bill, called Fixing America's Surface Transportation (FAST) Act, reports Roads & Bridges

The bipartisan agreement provides roughly $205 billion on highways and $48 billion on transit projects over the next five years. The bill also includes a provision to revive the Export-Import Bank.  

According to Roads & Bridges, a final vote will be required in both chambers to move the bill upward, and legislation is facing a federal funding expiration date of Dec. 4. Additionally, the U.S. Department of Transportation warned that it would stop making payments to state and local governments by Dec. 4. 

More like this

Comments on: "Congress Reaches Deal on 5-Year Highway Bill"

Subscribe Today

Enter your email address here to be automatically subscribed to our daily newsletter!

CE-Topical
Overlay Init