Report: Over $2 Billion in Unused Infrastructure Funds to Be Redeployed

bridge-webThe Engineering News Record is reporting that the Federal Highway Administration will soon announce how it will release $2.1 billion in highway-project funds that have yet to be used.

The fiscal 2016 omnibus appropriations measure, signed into law on Dec. 18, directs FHWA to redistribute to states unobligated funds earmarked for highway projects in transportation legislation dating back at least a decade. For example, some of the earmarks were contained in the Transportation Equity Act for the 21st Century, which was enacted in 1998.

State officials and contractors alike are expecting a surge in not only highway work, but on bridge projects as well, because federal-aid highway funds are not generally limited to highways alone.

Read the full in ENR HERE.