Bond Buyer: Obama administration working on transportation reauthorization between $400 billion and $500 billion
Jan. 14, 2010 | 10:30 am
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The Bond Buyer reports that Transportation Secretary Ray LaHood said the Obama administration is working with Congress on a multi-year transportation bill that it expects will cost between $400 billion to $500 billion,
“President Obama wants a robust, comprehensive transportation bill that meets the needs of America. The problem is that project, that bill, costs between four or five hundred billion dollars,” he said at the Transportation Research Board’s annual meeting.
The administration wants to “pursue more flexible partnerships with states,” metropolitan planning organizations, and local governments, LaHood added.
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