New Federal Highway Bill Signed Into Law

The “Fixing America’s Surface Transportation Act,” or FAST Act, will grow annual federal highway investments by 15.1 percent from the current $40.3 billion to $46.4 billion by FY 2020. The legislation also provides five years of predictable funding for the asphalt pavement industry. The FAST Act uses a variety of onetime cost savings and non-transportation resources to supplement incoming trust fund revenue to support its investment levels over the next five years.

The National Asphalt Paving Association (NAPA) has put together a summary of the FAST Act. It highlights the Act’s impact on the asphalt (and related) industry. You can find it here.

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