Presentation Outlines a Viable Plan for Interstate Highway Investment
ACPA had the opportunity to hear a compelling presentation that could serve as a viable plan for Interstate highway investment.
The presentation, Renewing the National Commitment to the Interstate Highway System: A Foundation for the Future, was based on a consensus report developed in response to language in the FAST Act of 2015. The language requested the Transportation Research Board to conduct a study of the actions needed to upgrade and restore the U.S. Interstate Highway System.
ACPA Chairman Jim Mack (CEMEX); ACPA President & CEO Jerry Voigt, and ACPA Executive VP Leif Wathne heard the presentation by the Hon. Norman Y. Mineta* and TRB Chair Norman Augustine during the TRB Chair’s Luncheon last Wednesday.
One of the key points of the study suggests current spending levels are much too low, and that $45 to $70 billion are needed annually over the next 20 years to undertake the long-deferred rebuilding of pavements and bridges and to accommodate and manage growing user demand.
Particularly encouraging is that this figure applies to Interstate highways only and not the full Federal-aid highway system or other highways. To see some additional highlights of the report, please click here. To view an online copy of the presentation, please click here. To download the complete report on which the presentation was developed, please click here. To see a video of Messrs. Mineta and Augustine commenting about the consensus report, please click here.
The TRB Chair’s Luncheon is the premier event of the TRB Annual Meeting, drawing an estimated 750 leaders in transportation from the public and private sectors throughout the United States and abroad. TRB is one of seven program units of the National Academies of Sciences, Engineering, and Medicine, which provides independent, objective analysis and advice to the nation and conducts other activities to solve complex problems and inform public policy decisions.
______________________ * Mr. Mineta served as the 14th U.S. Secretary of Transportation and was previously a U.S. Representative. Mr. Augustine is the retired Chairman of Lockheed Martin Corp. They serve with more than a dozen other transportation and business leaders who provided oversight and other leadership in the development of the consensus study report.
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