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Obama’s 2014 budget includes $50B for infrastructure, “full support” for MAP-21

Posted By Wayne Grayson On April 12, 2013 @ 7:00 am In Construction News | No Comments

Copies of President Obama's 2014 Fiscal Year Budget. Credit: Associated Press [1]

Copies of President Obama’s 2014 Fiscal Year Budget. Credit: Associated Press

President Barack Obama has submitted his 2014 Fiscal Year Budget to Congress and a great deal of money has been set aside for construction projects.

According to a report from our sister site Better Roads [2], Obama’s $3.8 trillion budget includes $50 billion for infrastructure repairs.

Of that amount, $40 billion will go directly to Obama’s “fix-it-first” initative which will supply funding for the most urgent of repairs needed for U.S. highways, bridges, transit systems and airports.

And according to a report from Overdrive [3], another of our sister sites, the President also allotted $77 million in this budget for the Department of Transportation.

Plus, the budget includes “full support” of the MAP-21 highway funding law with $53 billion in funding. That amount overlaps some with the $50 billion plan for immediate infrastructure funding.

Be sure to read Better Roads Editor John Latta’s full breakdown and take on the budget. [4]John gives the budget funding a B+ and says it “doesn’t change much and it doesn’t knock your socks off.”

The budget also includes a $6.4 billion earmark for high-speed rail projects.


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URL to article: http://www.equipmentworld.com/obamas-2014-budget-includes-50b-for-infrastructure-full-support-for-map-21/

URLs in this post:

[1] Image: http://www.equipmentworld.com/files/2013/04/obamabudget.jpg

[2] According to a report from our sister site Better Roads: http://www.betterroads.com/obamas-budget-provides-50-billion-increase-in-infrastructure-spending/

[3] And according to a report from Overdrive: http://www.overdriveonline.com/presidents-budget-includes-77-billion-for-transportation/

[4] Be sure to read Better Roads Editor John Latta’s full breakdown and take on the budget. : http://www.betterroads.com/obamas-fy2014-transportation-budget-b-maybe/

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