The Federal Highway Administration has divided $15.5 million between six states that are exploring alternative ways to fund highway and bridge projects.
According to a press release issued Oct. 6, the Surface Transportation System Funding Alternatives grant program is imperative because the Highway Trust Fund cannot keep pace with increasing construction and repair costs nationwide. FHWA’s Highway Trust Fund is financed through federal fuel taxes on diesel and gasoline. As of August 2017, the operating balance of the trust fund was more than $43 billion.
