FAST Act Funded More Than 110,000 Road & Bridge Improvements
State governments moved forward with nearly 111,000 new federal-aid highway and bridge projects during a span of five years under the Fixing America’s Surface Transportation (FAST) Act, according to a research report released last week by ARTBA.
Between FY 2016 and FY 2020, states leveraged nearly $200 billion in federal funds to support more than $340.5 billion in new highway and bridge program improvements, according to ARTBA Chief Economist Dr. Alison Premo Black, who prepared the report. States also used program revenues to continue to support projects already underway.
States with the highest number of projects included Texas (7,397), Indiana (6,500), Ohio (5,962), Michigan (5,715), California (5,432), New York (4,915), Illinois (4,235), Florida (4,168), Missouri (4,004), Virginia (3,626), and Tennessee (3,158).
Major reconstruction and repairs accounted for an average of 47% of the $340.5 billion investment and totaled 60,000 road and bridge projects. New capacity on existing roadways accounted for 19% of state expenditures.
One-third of the investment, or $113 billion, was dedicated to highway and bridge projects on the Interstate Highway System, while another 30%, or $102 billion, went towards work on the National Highway System, Dr. Black said. Other federal-aid highways accounted for 26% of the total, or $90 billion.
ARTBA’s compilation of FHWA data was released to coincide with the February 24th Senate EPW Committee hearing on reauthorization of the surface transportation program, which expires on Sept. 30.
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