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January 16, 2017
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Obama Administration Proposes $77 Billion USDOT Budget for FY2014
Updated On: Apr 19, 2013

The Obama administration unveiled a $3.77 trillion fiscal-year 2014 budget proposal that includes $77 billion for the U.S. Department of Transportation, a 6 percent increase compared with the FY2012 enacted levels. Of that amount, $50 billion would be allocated for "immediate" transportation investments designed to improve transit, passenger-rail, highway and aviation systems.

The spending plan includes $10.9 billion for the Federal Transit Administration, including $8.6 billion in grant funds to support capital investment, state of good repair, safety, planning, rolling stock purchases and maintenance, facility upgrades and construction, and operating expenses. Another $2 billion would be allocated for capital projects designed to add and expand transit service.

Read entire article at: www.Progressiverailroading.com


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