DOT 66-08
Contact: Brian Turmail, Tel.: (202) 366-4570
Monday, May 5, 2008
Federal Government Will Help Michigan Officials Tap Into $400 Billion In
Private Infrastructure Funds to Improve Transportation Network and Help
Businesses Thrive, U.S. Secretary of Transportation Announces
Saying that businesses must be able to move goods to customers swiftly and
efficiently to succeed, U.S. Secretary of Transportation Mary E. Peters today
announced a series of measures designed to help Michigan take advantage of over
$400 billion in private infrastructure funds available worldwide for investments
in transportation projects. The new measures, which include technical assistance
for state and local officials, and expediting federal reviews, are designed to
allow Michigan to take advantage of private sector funds once the State
Legislature authorizes their use.
“It's time to take the brakes off this state's engine of growth and give
businesses the transportation network they need to compete and succeed in
today's global economy,” Secretary Peters said. “Faster roads, more reliable
deliveries and cheaper shipping can and will make a difference.”
Before making her announcement, Secretary Peters visited a local steel
distributor in Jackson, Michigan to see how plans to repair and widen nearby
I-94 would help companies like it grow and thrive. After the visit, the
Secretary announced she was making the Department's innovative finance team
available to help local community and state officials take advantage of creative
and proven approaches to funding highway and other needed transportation
projects.
The Secretary also announced that the Department would provide expedited reviews
for any proposal from Michigan to widen I-94 that the finance team helps
develop. She said the Department would do this “because fresh innovation in
Michigan shouldn't be met with stale red tape in Washington.”
Private sector investments are needed in Michigan because too many people in
Washington prefer to spend transportation dollars on fixing lighthouses and
building museums, instead of repairing roads and widening highways, Secretary
Peters said. She noted that even though the federal government is spending
record levels on transportation, special interest spending has left local and
state officials with too little flexibility to invest those funds where they are
most likely to help commuters, shippers and local communities.
“Businesses don't need a bridge to nowhere when local roads can't get them
anywhere else on time,” she added.
Secretary Peters noted she was working with members of Michigan's congressional
delegation, including Congressman Tim Walberg, who joined her for the morning
tour, to improve the federal transportation program when it is renewed next
year. However, she warned that “businesses in places like Jackson shouldn't have
to wait for Washington to get things right.”
“Whether creating assembly lines, perfecting modern manufacturing or developing
sophisticated supply chain networks, Michigan has long led the way,” said
Secretary Peters. “Today it has a chance to lead again when it comes to
attracting the capital needed to give this state a new edge over its
competitors.”