Foxx proposes intermodal transport plan; says DOT will post money left in Trust Fund
“If we’re going to tackle our backlog of repairing and rebuilding, then there’s another part of the equation we have to tackle, too — and that’s cost,” Foxx said. (The Trucker file photo)
The Trucker Staff
U.S. Secretary of Transportation Anthony Foxx wants everyone to know how much money the Highway Trust Fund has left and said Wednesday DOT will begin posting the Fund’s monthly dollar amount “until the fund can sustain itself or until it runs out” to increase transparency and accountability to the public.
Foxx made the comments before a meeting of the Transportation Research Board in Washington at which he also introduced his vision for a multimodal transportation program plan that “takes our roads and rails and ports and links them together.
“Linking them together remakes the finest, most elaborate system of transportation that the world has ever known into its 21st century incarnation,” he said.
He said the multimodal plan builds on progress made by DOT so far under the Obama administration and cited construction and improvements to 6,500 miles of rail corridors and improvements on nearly 42,000 miles of road and more than 2,700 bridges, plus rehabilitation of more than 12,220 transit vehicles so far.
Foxx encouraged representatives from various transportation modes to work together to help make his transportation plan a reality.
Foxx also introduced DOT’s Every Day Counts initiative to adopt “cost-saving best practices” to spend transportation dollars more effectively. He cited a study from McKinsey & Co. that found that by adopting “best practices” infrastructure can be built for 40 percent less.
“If we’re going to tackle our backlog of repairing and rebuilding, then there’s another part of the equation we have to tackle, too — and that’s cost,” Foxx said. “But what if we could make that funding equal more projects — and better ones?”
He cited as an example the Tappan Zee Bridge replacement project in New York which he said saves up to three years on the timeline of the multi-billion project that “will help put Americans back to work.”
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