Washington, D.C. – U.S. president Barack Obama has announced a new plan to expand and renew the country’s roads, railways and runways. The plan builds on infrastructure investments already made through the Recovery Act, with a significant portion of the new investments planned for the first year.
Over the next six years, the government plans to rebuild 150,000 miles (241,401 km) of roads, construct and maintain 4,000 miles (6,437 km) of rail, and rehabilitate or reconstruct 150 miles (241 km) of runways, while putting in place a new system that will reduce travel time and delays.
The plan includes an up-front investment to help jump-start additional job creation, along with long-term framework to reform and expand the investment in transportation infrastructure. The project will begin with a US$50 billion up-front investment.
The longer-term goals include the establishment of an infrastructure bank to leverage federal dollars and focus on investments of national and regional significance; integrate high-speed rail on an equal footing into surface transportation; consolidating more than 100 programs and focusing on using performance measurement and competitive pressures to drive investment toward better policy outcomes; and expanding investments in areas such as safety, environmental sustainability and economic competitiveness.