The “Developing a Reliable and Innovative Vision for the Economy Act,” or DRIVE Act, which was unanimously approved June 24 by the Senate Committee on Environment and Public Works (EPW), would reauthorize the federal highway program for a six-year period, fiscal years 2016-21.
It calls for $277.4 billion in total highway investment, a $32 billion increase compared to maintaining FY 2015 funding. About half of the proposed increase would support two new proposed initiatives—a National Freight Program and a program of Assistance for Major Projects. The other half of the proposed increase would provide small annual increases in core highway program funding.
For more information and an analysis of the funding details, visit: ARTBA Analysis of the 2015 Senate Highway Reauthorization Plan: The DRIVE Act.