This paper attempts to illustrate a current dilemma with respect to highway capital investment: while current investment in highways is maintaining a relatively high dollar volume, inflation has significantly eroded its effectiveness. Thus, in terms of constant dollars, all units of government are expending a decreasing amount for improvements. This problem is intensified when the decreasing capital expenditures are accompanied by increasing rates of travel on the Nation's highways. The intent here is not to attempt to prescribe specific programs or program levels for counteracting the observed decline in real capital investments in highway transportation. Instead, the report focuses on current conditions based on actual experience and illustrates relationships with various economic and transportation indexes. /Forward/
This report highlights the benefits and return on investment of transportation funding in Texas. In total, overthe next decade, Texans will invest $13...
The relationship between the strength and competitiveness of the nation's economy and the extent, condition and performance of the nation?s transporta...
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United States Department of Transportation
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