US Transportation Secretary Ray Lahood had strong words for those attending the I-CAT-Transportation Conference in East Peoria. He says transportation officials must think big and bold about the next generation of transportation and ways to fund it. LaHood says innovation will be necessary to pay for future transportation bills, including things like public-private partnerships:
"We have a TIFIA program which is a loan program which congress has funded very generously. We have the TIGER program that Central Illinois has benefited from. So there are other funding mechanisms and the combination of all of them has to be enough to do everything we need to do."
Secretary LaHood says the President's transportation plan has a 500-Billion-dollar price tag over five years. But he says there's not enough money in the highway trust fund to pay for it. LaHood says motor fuel tax proceeds are reduced with cars being more fuel efficient and because more people are using alternative forms of transit.
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