The Obama administration released its 2011 budget proposal on February 1st, which includes a request of $78.8 billion for FY2011, up from $77 billion in FY2010. The budget includes $530 million as part of the President’s Partnership for Sustainable Communities to help State and local governments invest in sustainable transportation infrastructure “that integrates with housing development and other critical investments”.
The DOT requested budget, which can be viewed in full here includes “High-Priority Performance Goals” for the coming year(s).
Additionally, the 2011 budget includes $4 billion to create a National Infrastructure Innovation and Finance Fund to invest in projects of regional or national significance. This marks an important departure from the Federal Government’s traditional way of spending on infrastructure through grants to specific States and localities. The Fund will allocate resources based on demonstrable merit and analytical measures of performance. It will provide planning, feasibility, and analytical capacity to help sponsors identify high-value projects from around the country and then carefully select the most worthwhile projects.
To learn more about securing federal funding for real-time passenger information implementations of Futurefleet, or for a Shared Transport pilot, please contact Avego’s Director of Government Relations, Jason Conley.