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Transportation

Transportation Projects on Hold

ACCE Webmaster on Tuesday, December 23, 2008 at 8:54:46 pm

As budget deficits worsen and credit ratings drop, many states are having to delay transportation and other infrastructure projects.  According to today's New York Times:

"...Gov. Arnold Schwarzenegger warned Monday that the state was “on a track toward disaster” as it ceases highway, school and bridge construction because of budget and credit woes.

California, which has suspended nearly $4 billion in public works projects, is one of a half dozen states delaying or halting projects because of capsizing budgets, an inability to attract investors to the municipal bonds used to bankroll many projects and a reduction in gasoline tax revenues — which underlie a lot of transportation financing."

Click HERE to read the full article.

The current situation puts even greater emphasis on a federal economic stimulus package to get transportation projects moving again.  The American Association of State Highway and Transportation Officials has compiled a helpful list of links to ready-to-go projects in various states.  Does your state have a comprehensive list of ready-to-go infrastructure projects?

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