Legislation Aims to Boost US Infrastructure Investment

By Eric Haun
Monday, June 23, 2014
Daniel Webster

Representative Daniel Webster (Fla.-10) issued the following statement after introducing new transportation legislation, H.R. 4925, the TIFIA 2.0 Act:

“America’s transportation and infrastructure system is the backbone of our economy and is a critical element for growth and job creation. By prioritizing investable infrastructure, TIFIA 2.0 will improve access to affordable infrastructure financing for states and local governments, promote innovative public-private partnerships and accelerate delivery of large-scale public transportation projects and the jobs that support them.

“In an era of bloated government spending, wise and calculated investments are crucial. TIFIA 2.0 provides new money to the transportation and infrastructure system that will bolster our economy and expand opportunity for growth and success without raising taxes.”

The TIFIA 2.0 Act improves the Transportation Infrastructure Finance and Innovation Act (TIFIA) by transforming it into a sustainable, revolving fund that will continuously grow to meet our nation’s infrastructure needs.

Focusing on funding roads, bridges, tunnels, transit and intermodal projects, TIFIA 2.0 will generate new transportation revenues and attract new investment capital. Projects that reduce risks to taxpayers and have a record of prior prompt repayment of loans are given priority consideration under this legislation.
 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

IACS and European Commission Hold Joint Workshop to Kick Off European Shipping Week

The International Association of Classification Societies (IACS) held a joint workshop in Brussels with the European Commission to kick off European Shipping Week, the association announced today.

Cosco Boxship Detained Over Illegal Arms

Colombian authorities detained a vessel operated by China's largest shipping group for illegally transporting thousands of cannon shells, about 100 tonnes of gunpowder

Kvichak, Vigor Announce Merger

Merger positions combined company to play a dominant role in recapitalization of North Pacific fishing fleet and emerging Arctic oil gas operations. Kvichak

Finance

Ten Migrants Die in Mediterranean, a Thousand Rescued

At least 10 North African migrants died when their rubber boat overturned in the southern Mediterranean while almost a thousand more from a total of seven vessels

Access to Brazil's Itajai Port to Open as Truck Protest Ends

Protesters have agreed to open access to Brazil's main poultry exporting port of Itajai in Santa Catarina state, the port said on Wednesday, ending a lingering

Seadrill: Rig Rates Have Not Bottomed

The market for oil and gas drilling rigs continues to deteriorate as oil companies cut back on investments, Seadrill Chief Financial Officer Rune Magnus Lundetrae

News

Ten Migrants Die in Mediterranean, a Thousand Rescued

At least 10 North African migrants died when their rubber boat overturned in the southern Mediterranean while almost a thousand more from a total of seven vessels

Harbor Police Rescues Stranded Sea Lion

Sea lions are a common sight in San Diego Bay, but a sea lion wandering a busy roadway and then ending up in the back of a patrol car is slightly rarer.   The

CaroTrans Adds New Asia-US Service

CaroTrans, a global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, announced a new all-water LCL (less than container-load) import

People in the News

Seadrill: Rig Rates Have Not Bottomed

The market for oil and gas drilling rigs continues to deteriorate as oil companies cut back on investments, Seadrill Chief Financial Officer Rune Magnus Lundetrae

Kvichak, Vigor Announce Merger

Merger positions combined company to play a dominant role in recapitalization of North Pacific fishing fleet and emerging Arctic oil gas operations. Kvichak

'Governments Must Act to Save Thousands of Migrants'

The humanitarian crisis in the Mediterranean Sea is spiralling out of control. EU Member States must act urgently to prevent the loss of thousands more lives,

Government Update

IACS and European Commission Hold Joint Workshop to Kick Off European Shipping Week

The International Association of Classification Societies (IACS) held a joint workshop in Brussels with the European Commission to kick off European Shipping Week, the association announced today.

Ten Migrants Die in Mediterranean, a Thousand Rescued

At least 10 North African migrants died when their rubber boat overturned in the southern Mediterranean while almost a thousand more from a total of seven vessels

Access to Brazil's Itajai Port to Open as Truck Protest Ends

Protesters have agreed to open access to Brazil's main poultry exporting port of Itajai in Santa Catarina state, the port said on Wednesday, ending a lingering

Intermodal

Access to Brazil's Itajai Port to Open as Truck Protest Ends

Protesters have agreed to open access to Brazil's main poultry exporting port of Itajai in Santa Catarina state, the port said on Wednesday, ending a lingering

Brazil Truck Strike Diminishes

Some truck drivers in Brazil continued blocking roads on Tuesday, slowing grains deliveries to southern ports, even as adherence to the strike diminished and a

Faster Rotterdam-St Petersburg Link

The Rotterdam (Netherlands)-based neutral consolidator FPS Famous Pacific Shipping has launched a new, weekly ocean LCL service from Rotterdam to St Petersburg

 
 
Maritime Careers / Shipboard Positions Maritime Security Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1725 sec (6 req/sec)