Updated August 16, 2005
Washington Brews New “SAFETEA-LU”… President
Signs New Transportation Bill
The Bay Area transportation community is celebrating enactment
of a multiyear federal transportation bill. For a nation on
the move, the nearly two-year wait for a new federal transportation
program finally paid off on July 29, 2005, when Congress completed
action on the Safe, Accountable, Flexible, Efficient Transportation
Equity Act: A Legacy for Users. President Bush signed the bill
into law on August 10, 2005.
More familiarly known as SAFETEA-LU, the bill authorizes $255.5
billion in funding for federal surface transportation
programs over five years (fiscal years 2005 through 2009),
an average annual increase of 41 percent over prior levels
[view tables].
A total of 116 Bay Area projects worth $734.4 million stand
to gain from congressional earmarks in the bill [view
list].
The massive law establishes several new programs and makes
clear Congress’ commitment to transportation safety.
Yet the package is most notable not for its innovation but
for its preservation — maintaining the emphasis on flexible
financing and local planning ushered in by the landmark Intermodal
Surface Transportation Efficiency Act (ISTEA) of 1991 and reaffirmed
by the Transportation Equity Act for the 21st Century (TEA
21), which was signed in 1998 and through a series of short-term
extensions provided the template for federal transportation
investment long past its original September 2003 expiration
date.
Following is MTC's analysis:
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