St. Louis Region
Transportation networks are an essential component of economic stability and job growth. The Chamber supports strategic investments to modernize and strengthen our regional infrastructure systems, leverage our location, enhance our multi-modal capabilities, and facilitate the movement of goods and people within the region and throughout the world. We therefore support the creation and renewal of policies, incentives and funding to enhance the bi-state region’s logistics, distribution and transportation infrastructure capabilities, including roads, bridges, railways, ports and airports, with an emphasis on cargo terminals and global competitiveness.
Highway Trust Fund
The Highway Trust Fund (HTF) is the primary transportation fund in the United States that receives money from a federal fuel tax and related excise taxes. In December 2015, Congress passed a 5-year transportation bill that keeps the HTF afloat, however it is subsidized through nontraditional funding sources and still needs a reliable way to sustain funding beyond 2020. The Chamber promotes finding a more permanent solution to keep the HTF solvent and increase Missouri transportation funding that goes beyond maintenance levels to allow for improvements.
Following years of inaction, Missouri is closer than ever to a transportation crisis. Without a new funding plan, a majority of Missouri’s roads will face deteriorating conditions. Even more bridges may have to close. The state needs $160 million dollars in new state funding to maintain the existing highway network, make progress on bridge conditions and reinstitute the cost-share program to encourage transportation projects that foster economic development. Transportation planners must be able to rely on a consistent level of funding due to the lengthy planning, permitting and construction process.
Transportation infrastructure in Illinois is in desperate need of repair. If there are no significant investments in state transportation funding, 1 in every 3 miles of roads, and 1 in every 10 bridges will be in unacceptable condition by 2018.Loading Report...
In the St. Louis Region: