WASHINGTON, DC – April 10, 2013 - Building America’s Future today applauded the transportation and infrastructure investments in the President’s proposed fiscal year 2014 budget. In addition to fully funding MAP-21, the proposed budget also includes $50 billion in upfront investments in critical transportation programs. Additionally, the budget proposes to restructure the Highway Trust Fund to include a rail component and to rename it the Transportation Trust Fund. In its recent report “Falling Apart and Falling Behind”, Building America’s Future made several recommendations that are in concert with what the President announced in his budget today, including the creation of a National Infrastructure Bank.
“We are thrilled the President has proposed robust investments for our nation’s most pressing infrastructure and transportation needs. Programs like “Fix it First” will help boost the economy and put people back to work,” said former Pennsylvania Governor and co-chair of Building America’s Future, Ed Rendell. “We are pleased that these proposed funds would also boost needed investments into NextGen, transit and intercity passenger rail.
With regard to the proposed National Infrastructure Bank Rendell added: “We have long advocated for a National Infrastructure Bank and for expedited review and approval of major infrastructure projects and applaud the President for proposing that transportation, water and energy infrastructure projects be considered by the Bank. The Bank and other programs the President proposed will encourage public-private partnerships and spur the innovation necessary to keep the U.S. competitive in the global marketplace. ”