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Paved with billions

Published Monday, August 01, 2005

As big as the highway bill now snaking its way through Congress is — up to $295 billion in the Senate version — it won't be near enough to fix America's highways unless it is passed with innovative funding options and as little pork and red tape as possible. That's the contention of Stephen E. Sandherr, CEO of the Associated General Contractors of America (AGC). He says a recent DOT report states that an average annual investment of $116 billion (in constant 2004 dollars) is needed by all levels of government over the next 20 years to truly ...

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