NAFTA traffic drives border and corridor transportation grants

Article Abstract:

Congress has already given $124 million in grants to 32 states fro 55 corridor and border-related transportation projects through the Dept of Transportation (DOT). DOT Secretary Rodney Slater said the grants will help states accomodate higher levels of traffic between the US, Mexico and Canada. Trade between the three countries boomed since the passage of NAFTA in 1994. The largest grants were given to Texas, Arkansas and Michigan, with $14 million, $13 million and $12 million, respectively. Texas plans to use the grant in constructing roads and overpasses near the border at Laredo.

Statistics, Transportation, United States. Department of Transportation, Federal aid to transportation, Government aid to transportation

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Minnesota DOT pursues privatization projects

Article Abstract:

Minnesota's Dept. of Transportation is looking for private investors for five of its toll-road projects. State laws are responsible for the birth of the TRANSMART program and have also mandated that there should be alternative sources of funds for projects worth more than $10 million. Residents have also expressed their willingness to pay tolls to ensure road quality. Minnesota has set aside at least $10 million for the projects, with the rest coming from revenue bonds, equity shares and loans from the federal government.

Management, Toll roads, Minnesota. Department of Transportation

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Fast-track funding

Article Abstract:

This article examines the innovative financing methods adopted by the South Carolina Department of Transportation to fast-track highway construction. Leveraging future federal grants, partnerships with public-private enterprises and local planning agencies, and collaboration with non-profit and state banks, the agency plans to accomplish 27 years project in 7 years.

United States, Statistical Data Included, Infrastructure (Economics), Innovations, Economic aspects, Design and construction, Business creativity, South Carolina. Department of Highways and Public Transportation

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• Abstracts: Road to the future. California refines design/build transportation scheme. Israeli toll road project relies on finance/design/build/operate contract

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