WASHINGTON (Feb. 26, 2021) — A report from the American Road & Transportation Builders Association (ARTBA) shows that the 2015 Fixing America’s Surface Transportation (FAST) Act Law funded more than 110,000 Road & Bridge Improvements between fiscal years 2016 and 2020. The research shows that states leveraged nearly $200 billion in federal funds to support over $340.5 billion in new highway and bridge program improvements.
“This report highlights the benefits and value the federal highway program brings to communities all across America,” said ARTBA Chief Economist Dr. Alison Premo Black. “Congress and President Biden have a unique opportunity to build on the successes of the FAST Act and make significant new infrastructure investments to fuel the nation’s post-pandemic economic recovery.” More than 3,000 counties took advantage of the program to fund jobsites across various states. Texas (7,397), Indiana (6,500) and Ohio (5,962) lead the nation in total projects — 98% of the jobs started under the program are expected to cost less than $25 million to complete with the average being $1.7 million per project. Read the full report here.
