Supply Chain News / Intermodal News / Risk & Compliance / Economic Development / Intermodal

DOT Proposed Budget Invests $90.9 Billion in Safer, Efficient Transportation Programs

The four-year, $302 billion surface re-authorization proposal would help address the infrastructure deficit, provide greater access to transportation opportunities.

U.S. Transportation Secretary Anthony Foxx praised the Administration’s vision for transportation as outlined in his $90.9 billion budget requested for the U.S. Department of Transportation. These funds will lay a new foundation for economic growth and competitiveness by addressing our growing infrastructure deficit, investing in our national infrastructure network, increasing safety and efficiency, and providing greater access to ladders of opportunity.

The centerpiece of the FY 2015 budget for the department is a four-year, $302 billion surface transportation reauthorization proposal that will improve America’s highways and transit networks, continue building on the department’s overall safety record, while also ensuring a stable funding source for rail. The proposed budget would be paid for with $150 billion from transition revenue generated from business tax reforms, along with current revenues from the gas tax.

Addressing the National Infrastructure Deficit
In order to tackle the nation’s growing infrastructure deficit and improve quality of life, the four-year, $302 billion budget includes $199 billion to rebuild America’s roads and bridges. The budget provides $72 billion to help meet the growing demand for transit, in addition to $19 billion to create and improve passenger rail service and $6.7 billion to build on the department’s highway safety achievements.

Increasing Ladders of Opportunity
In light of transportation’s role in connecting people with jobs, education and other opportunities, the FY 2015 transportation budget includes a focus on projects that provide greater opportunities for more Americans. For example, the budget includes $2.2 billion for a Rapid Growth Area Transit Program that will link people to job and educational opportunities in fast growing areas, along with $120 million for a workforce development program to support and enhance the diversity of our nation’s transportation workforce.

Improving Efficiency
The budget will provide $8 million to support an Interagency Infrastructure Permitting Improvement Center that will spearhead efforts to improve and expedite the federal approval and permitting processes across government.

Investing in the Safe Transportation of Energy Products
In addition to providing $10 billion over four years to strengthen the country’s freight system, the FY 2015 budget proposal includes $40 million over two years to support multimodal prevention and response efforts that will improve the safe transportation of energy products. This funding is a direct outcome of the department’s comprehensive efforts regarding the transportation of crude oil from the Bakken region and will be managed by the Office of the Secretary for increased inspections, investigations and research.

Highlights from the budget. 

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

KC SmartPort Momentum

Kansas City SmartPort Momentum 2013 focused on 3PLs, the issues facing the industry, and the role or logistics in economic development

Podcasts

 

Calculating a true landed cost for global sourcing directly correlates with the profitability of purchased goods. However, few companies can command real-time visibility in to all the costs involved for cross border movements. In this podcast, World Trade 100 and Amber Road highlight how a comprehensive global trade platform that converges both logistics and compliance costs can deliver true landed cost visibility.

 

Speaker: Hung Lee, Senior Product Manager, Amber Road

More Podcasts

World Trade 100 Magazine

wt august 2014

2014 August

Check out the August 2014 edition of World Trade WT100, featuring our cover story on Preparing the Supply Chain for the Unexpected, plus much more!
Table Of Contents Subscribe

Supply Chain Webinars

What types of supply chain webinars do you get the most use out of?
View Results Poll Archive

WT100 STORE

world-class-warehousing.gif
World-Class Warehousing and Material Handling, 1st Edition

Filled with proven operational solutions, it will guide managers as they develop a warehouse master plan, one designed to minimize the effects of supply chain inefficiencies as it improves logistics accuracy and inventory management - and reduces overall warehousing expense.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Use our interactive maps to locate service providers across North America.Interactive Map

Logistics Development Partners 

IWLA Members

STAY CONNECTED