Thursday, September 9, 2010

Obama Calls for Transport Investment, Reform

(American Shipper)

President Barack Obama in a Labor Day speech in Milwaukee outlined an ambitious six-year agenda for investing in transportation infrastructure as a way to help create construction jobs and lay the foundation for long-term economic growth.

He called for rebuilding 150,000 miles of roads, laying or repairing 4,000 miles of rail lines; restoring 150 miles of runways; funding the Next Generation Air Traffic Control System, which will allow more planes to fly in congested airspace while improving safety; investing more in high-speed rail; creating an infrastructure bank to help seed private investment; and consolidating more than 100 different transportation programs into a few that are managed according to performance-based outcomes. Read more here.