Political Quotes

Jeff Bingaman: “The ongoing RoadLIFE program is a partnership between FHWA, the State of New Mexico, and several universities to…”

On the recordAugust 1, 2001
The ongoing RoadLIFE program is a partnership between FHWA, the State of New Mexico, and several universities to demonstrate the possible benefits of innovate financing methods, such as Grant Anticipation Revenue Vehicle (GARVEE), and performance warranties on highway safety, road quality and on the long-term costs to maintain a highway. Last year, the Department announced a 20-year research agreement between the Department, the Volpe Center and the State of New Mexico to validate the cost savings to the government of these innovative funding approaches. Does the chairman agree that this study could provide valuable information that could change the future of road building in America?
Said by
Jeff Bingaman
Democratic · New Mexico
Source
govinfo.gov

Editor's note · Context

Discussing the RoadLIFE program and its potential impact on highway funding and construction.

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