Federal transportation programs are law for the next five years.
And the Export-Import Bank is back in business.
Both have been top regional priorities.
Work on both was competed today when President Obama signed the Fixing America’s Surface Transportation Act into law.
The House and Senate quickly passed the legislation this week.
The timing is good for the region, where over 375 projects and programs are already counting on $1.6 billion in federal funds over the next three years.
The PSRC is preparing to launch a competition next spring for an estimated $700 million in additional federal funds the region expects to receive through the life of the FAST Act.
The rules for competition for those funds are expected to be set by the PSRC’s Executive Board next month.
The Association of Metropolitan Planning Organizations put together a good summary.
Arlington Congressman Rick Larsen led efforts to deliver on transportation priorities for Washington state.
Washington Senator Maria Cantwell celebrated the creation new freight programs she’s led the charge on for many years.
Washington Senator Patty Murray secured an increase in ferry funding and noted that the bill will boost federal transportation investments throughout the state: Washington expects to receive $3.5 billion in highway funding and $1.2 billion in transit funding through 2020.