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Reauthorization Where Are We Now

An overview of the current status of reauthorization plans for transportation infrastructure funding, including the administration's proposed plan, the Oberstar Bill, and the Senate's progress in drafting a bill. Also discusses the challenges and potential impact of the National Infrastructure Bank and the TIFIA program. Uncertainty and potential for change as November elections approach.

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Reauthorization Where Are We Now

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  1. ReauthorizationWhere Are We Now Presented by: Peter Loughlin September 23, 2010

  2. THE PAST YEAR • September 30, 2009 Program Expired • Short Term Extensions – GF Transfers $8b in 08, $7b in 09, $21b in 10, $36.5b in ARRA • Draft House Bill – No Recent Action • Senate Currently Drafting • Administration Plan Released Sept. 6th

  3. Why The Delay • No Available Funding to Increase Programs and Gain Support • Highway Trust Fund Revenues Dropping • No Support to Raise the Gas Tax • Increased Focus on Federal Deficit • No Perceived Crisis

  4. Administration Plan • $50 Billion Up-Front Down Payment • Combines Roads, Transit, Railways, Airports • Includes High Speed Rail in Surface Transportation Program • Establishes Infrastructure Bank to Fund Projects of National and Regional Significance • Consolidates Programs within Surface Transportation Program

  5. Oberstar Bill • 6-Year Bill -- $450 B Proposed – No Way to Fund It • Focus on Performance Measures • Shifts $ and Control Over Resources to MPOs from DOTs • Increased Share of Revenue to Transit • Emphasis on Livability • Establishes Freight Improvement Program • Projects of National Significance • Creates Office of Public Benefit in FHWA

  6. Critical Asset Investment Program (CAI) • Bill Requires DOT to Set Performance Measures and Targets • CAI Program – Measures Reductions in the Number and Square Footage of Deficient Bridges and % Reduction of Road Lane Miles Rated as Fair or Poor • States Must Make Reports to DOT on Their Progress Meeting These Targets • Unclear What Happens if States Don’t Meet the Target

  7. Office of Public Benefit • Protect Public Interest in Toll and PPP Projects • Administer and Approve Toll Agreements and Rates • Monitor PPP Compliance • Imposes Minimum Requirements on all PPPs That Have a Federal Funding Element • The Office Must Approve PPP Agreements • Eliminates Non-Compete Agreements • Restrictions on What States Can and Can’t Do Re: Tolling and Toll Revenue • Key Terms of Agreements Must Be Made Public Before Awarding Contract

  8. Definition of PPP Public-Private Partnership Agreement The term “public-private partnership agreement” means a contractual relationship formed between a State or other public entity to operate and maintain a highway facility in exchange for a financial return. Such a return may or may not include the authority to collect and retain toll revenues paid by users of the highway facility.

  9. Livability • Oberstar Bill Creates Office of Livability • DOT Priority • TIGER Grant Criteria • DOT Requests $527 Million FY 2010 to Promote Livability • Unclear What Livability Is

  10. Senate Situation • Drafting Bill • Democrat and Republican Staff Working Together • Interested in Tying $ to Meeting Performance Criteria • Interested in Asset Management • More Favorable than House on PPPs

  11. TIFIA • TIFIA is Now Oversubscribed – Picking Winners and Losers • Administration Focused on Livability and Sustainability • TIGER Grants Included Livability Focus • Congress Needs to Increase Size of TIFIA Program to Fund More Projects • How Does National Infrastructure Bank Idea Impact TIFIA?

  12. Conclusion • No Clear Path • Could Reduce Bill from 6 Years to 3 Years • Crisis Could Emerge • November Elections Could Yield New Majority Party in Congress

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