Transportation spending surges to historic levels. Will US get historic results? – By Laurent Belsie (CS Monitor) / March 29, 2024
Even as officials move swiftly to clear away Baltimore’s Francis Scott Key Bridge, which collapsed after being hit by a container ship, the United States is in the midst of an unprecedented push to upgrade its transportation networks.
The nation has never spent so much money on transportation, dams, sewer and water systems, electric transmission lines, and other networks. As a share of gross domestic product, today’s effort is bigger than infrastructure spending under the New Deal and the most spent in the last half-century.
Looking strictly at the surge in transportation funding, experts on both right and left are cheering what the Biden administration has billed as a once-in-a-generation investment.
