Senators propose to create fund for transportation projects

02/28/2013 | Journal of Commerce, The · StreetsBlog.org

Sens. Jay Rockefeller, D-W.Va., and Frank Lautenberg, D-N.J., have introduced the American Infrastructure Investment Fund Act of 2013 that would create a fund specifically geared toward transportation projects. It would be funded with $5 billion a year for two years. "This bill would establish a creative new way to leverage federal funding and increase investment in projects that will expand rail capacity, like the Gateway Tunnel, and projects that will modernize our ports and other infrastructure to meet the growing demands of the 21st century," Lautenberg said.

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