House Transportation and Infrastructure Committee Chairman James Oberstar priced the forthcoming surface transportation reauthorization bill at approximately $500 billion over the next six years, saying he expects to have the legislation on the House floor at the beginning of June. The funding will include about $123 billion for mass transit construction and $377 billion for road and bridge construction, in addition to the funds already appropriated in the stimulus legislation.
In a speech to the American Public Transit Association, Oberstar criticized the fact that it takes the Federal Transit Administration 14 years to approve new mass transit construction projects, vowing to streamline procedures within that agency and "make the 21st century the bright age of mass transit."
In a speech to the American Public Transit Association, Oberstar criticized the fact that it takes the Federal Transit Administration 14 years to approve new mass transit construction projects, vowing to streamline procedures within that agency and "make the 21st century the bright age of mass transit."
