A $50 Billion Jump-Start

A $50 Billion Jump-Start

President Obama’s budget plan would add $50 billion in new infrastructure spending for the fiscal year that begins in Oct. 1. Here are some highlights:

  • $25 billion for critical highway needs, sent to states under trust fund formulas.
  • $2.2 billion to improve Land Port of Entry facilities at national border crossings.
  • $3.1 billion in airport grants for runway construction and other needs.
  • $2 billion in DOT discretionary grants, similar to one that included rail and port projects.
  • $7.5 billion in bus and rail transit upgrades, aimed at largest and oldest systems.
  • $3 billion for intercity passenger rail program, mostly in freight rail corridors.
  • $2.5 billion for Amtrak spending on railcars, station improvements.
  • $3 billion in urban, rural local transit capital funding.
  • $450 million for a popular highway loan program that leverages much greater spending.