How The FAST Act Will Benefit Public-Private Partnership

Law360, New York (December 15, 2015, 5:52 PM EST) -- John R. Schmidt

David Narefsky

Joseph Seliga For the first time in a decade, Congress has passed, and the president has signed, a long-term surface transportation reauthorization bill, providing approximately $305 billion of funding for highway and transit projects over the next five years and revising federal transportation policy on a number of important topics. This article provides an overview of the Fixing America’s Surface Transportation Act (FAST Act), H.R. 22, and examines the act’s positive impact on the burgeoning U.S. public-private partnership market.

The Highway Trust Fund

The Highway Trust Fund, supported largely through user fees by way of federal...

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