COVID-19 Fallout Boosts Outlook for Long-Term Infrastructure Funding

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The fate of a long-term surface transportation funding bill and a bailout of the Highway Trust Fund – which is on the road to insolvency starting next year – may have reversed course as a result of the COVID-19 crisis, according to a Capitol Hill insider.

Before the coronavirus began pounding the economy over the last several weeks, Jeff Davis, Senior Fellow at the ENO Center for Transportation, doubted that reauthorizing the Fixing America’s Surface Transportation (FAST) Act before it expires at the end of September was in the cards because of the reluctance in Congress to raise the gas tax to pay for it.

Read and listen to the full article here: https://www.freightwaves.com/news/covid-19-fallout-boosts-outlook-for-long-term-infrastructure-funding

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