The Highway Trust Fund is in trouble again. Last September, Congress rescued the fund’s highway account with an $8-billion injection. Now a new shortfall, estimated at $5 billion to $7 billion, is looming in August. The picture is even darker for 2010, when an additional $8 billion to $10 billion will be needed. The search is on for more revenue, but the White House is insisting that any new money for the trust fund must be offset, presumably by spending cuts or a revenue-raising mechanism. Source: Federal Highway Administration Ending balance for FY 2008 includes $8.017 billion transferred from the
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.