“Grow America Act” Welcomed by U.S. Supply Chain Managers

The United States Department of Transportation (DOT) introduced The GROW AMERICA Act, a six-year, $478 million transportation reauthorization bill yesterday.

Specific components of the GROW AMERICA act include: 
$317 billion towards the nation’s highway and road safety, which will increase the amount of highway funds by an average of about 29 percent above FY 2015 enacted levels;
an increase in innovative financing by strengthening Transportation Infrastructure Finance and Innovation Act (TIFIA) for $6 billion to support $60 billion in loans and Railroad Rehabilitation and Improvement Financing (RRIF) loan programs, by making more Private Activity Bonds (PABS) available, and by nearly doubling funding for the TIGER grant program at $7.5 billion over six years for TIGER; and 
$18 billion for a multi-modal freight program focused on strengthening the nation’s exports and trade, among others.

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