States must find new ways to pay for highways
Friday, September 28th, 2007
By Chris Fitzsimon
| By GIL KLEIN
Media General News Service WASHINGTON - The message to the civic and business leaders pushing to build Interstates 73 and 74 was clear Wednesday: Don’t look to the federal government to pay most of the cost. The Highway Trust Fund is depleted, and the days of the federal government underwriting 80 or 90 percent of the cost of interstate construction are over, federal transportation officials and legislators told the National I-73/74 Corridor Association. Instead, the six states that want the new interstates from the North Carolina and South Carolina coasts to the Canadian border in Michigan should look for innovative financing plans, including tolls and private-public partnerships. |
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