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Obama‚Äôs 2015 Budget Proposes $73 Billion for Surface Transportation

“Today’s proposed budget misses the mark when it comes to the transportation needs of the U.S. economy,” ATA President Bill Graves said in a statement. “It provides no real funding solutions for the long-term health of our infrastructure and proposes massive new subsidies for a mode that moves a small proportion of America’s freight and passengers,” a reference to rail.

2015 Administration Budget for Federal Highway Administration

Click here for complete article > Transport Topics

March 4, 2014

President Obama’s budget proposal includes $73.61 billion for surface transportation spending in fiscal year 2015, a 1.8% increase over this year’s level as part of a four-year, $302.3 billion surface transportation plan.

The Federal Highway Administration takes up nearly two-thirds of the plan, or $199.2 billion.

In a March 4 press briefing, Transportation Secretary Anthony Foxx said better freight movement is one of his priorities, and the budget includes $10 billion over four years that covers highway, rail and port projects.