Federal-aid highways : FHWA has improved its risk management approach, but needs to improve its oversight of project costs.
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Federal-aid highways : FHWA has improved its risk management approach, but needs to improve its oversight of project costs.

Filetype[PDF-786.18 KB]


  • English

  • Details:

    • Alternative Title:
      Federal aid highways : Federal Highway Administration has improved its risk management approach, but needs to improve its oversight of project costs ; FHWA has improved its risk management approach, but needs to improve its oversight of project costs ; FHWA oversight ;
    • Publication/ Report Number:
    • Resource Type:
    • Geographical Coverage:
    • OCLC Number:
      668435213
    • NTL Classification:
      NTL-ECONOMICS AND FINANCE-Funding ; NTL-ECONOMICS AND FINANCE-ECONOMICS AND FINANCE ; NTL-HIGHWAY/ROAD TRANSPORTATION-HIGHWAY/ROAD TRANSPORTATION ; NTL-LAWS AND REGULATIONS-Federal Laws ; NTL-PLANNING AND POLICY-PLANNING AND POLICY ;
    • Abstract:
      The federal-aid highway program

      provides about $33 billion a year to

      states for highway projects. The

      federal government provides

      funding for and oversees this

      program, while states largely

      choose and manage the projects.

      As requested, GAO reviewed the

      Federal Highway Administration’s

      (FHWA) implementation of several

      requirements in the Safe,

      Accountable, Flexible, Efficient

      Transportation Equity Act: A

      Legacy for Users (SAFETEA-LU):

      (1) oversight of states using a risk

      management approach; (2) efforts

      to develop minimum standards for

      estimating project costs, and

      periodically evaluate states’ cost

      estimating practices; and

      (3) reviews of states’ financial

      management systems. GAO also

      reviewed FHWA’s policy on

      presenting an estimate of financing

      costs in financial plans for major

      projects (i.e., projects estimated to

      cost over $500 million). GAO

      reviewed FHWA plans, risk

      assessments, reviews, and other

      documents; visited five FHWA field

      offices and reviewed financial

      management reviews in an

      additional five field offices; and

      interviewed FHWA officials.

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