Surface Transportation

Budget Issues and Optimizing Investment Returns Gao ID: T-RCED-93-29 April 22, 1993

Weighing alternative surface transportation investment choices is becoming increasingly complex, encompassing deterioration of the nation's roads, bridges, and transit systems; traffic congestion; air quality; energy efficiency; and mobility for the elderly and disabled. This testimony discusses key issues affecting implementation of the Intermodal Surface Transportation Efficiency Act of 1991, which gave states unprecedented funding to meet transportation needs as well as greater flexibility in deciding how funds should be distributed between highway and transit projects. GAO discusses the (1) variability in the projected financial condition of the Highway Trust Fund, (2) potential ramifications of authorizing new demonstration projects, (3) use of funding flexibility, and (4) need for better analytic tools for making investment choices.



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