The Transportation Transformation Group (T2) is a non-profit group built around a consensus that federal surface transportation policies demand a transformation that emphasizes congestion relief, increased safety, and the efficient movement of goods to America's transportation customers. Our members include departments of transportation of Texas, Florida, Indiana, Utah, New Hampshire, the North Texas Tollway Authority, Port of Houston, Pioneer Institute, Reason Foundation, Cintra US, Dannenbaum Engineering, HDR Engineering, Inc., Nossaman LLP, International Bridge, Tunnel and Turnpike Association, Bank of America-Merrill Lynch, Barclays Capital, Wells Fargo, Goldman, Sachs & Co., HNTB Corp., JP Morgan, Raymond James & Associates, Inc., Piper Jaffray, Morgan Stanley, Siebert Brandford & Shank and Citi.
Congress and President Barack Obama have enacted the Moving Ahead for Progress in the 21st Century Act (MAP–21), focusing policy on solutions that free state ingenuity and reduce restrictions on innovation. T2 suggests that these concepts should remain at the forefront of the U.S. Department of Transportation's efforts to implement the new law.
MAP-21 provides significant positive revisions to the TIFIA program. Most importantly, the bill authorizes the TIFIA program at $750 million for FY 2013 and $1 billion for FY 2014, and increases the maximum share of project costs from 33 percent to 49 percent. T2 is pleased that USDOT is moving swiftly to implement the law with a timely notice of funding availability.
The announcement raises issues of concern, among them:
T2 recommends these issues be resolved immediately in order to move the immediate TIFIA funding process forward as expeditiously as possible.