Mica: Transport projects must consider other financing options

Federal dollars will be harder to come by for major transportation projects such as the All Aboard Florida project, according to Rep. John Mica, R-Fla. Diminishing gas-tax revenues and tightened federal budgets will create a need for those involved in transportation projects to consider other funding options, private funding in particular. "There is pressure when you're borrowing 43 cents on every dollar you are spending," said Mica. "Long term, we're going to have to do something since the gas tax is broken."

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