Uncertainty around federal infrastructure spending continues to hinder states from having the confidence to proceed with large infrastructure projects, economist Anirban Basu told attendees at the Construction Financial Management Association’s 36th annual conference.
With FAST Act funding tied up in appropriations and the Highway Trust Fund approaching a funding “cliff” in 2020, “it’s time to get things done,” Basu says. “But I don’t hear any talk out of Washington, D.C., about replenishing the Highway Trust Fund.”