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You are at:Home ยป FHWA splits $62 million in Highway and Bridge Formula funds
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FHWA splits $62 million in Highway and Bridge Formula funds

Machinery AsiaBy Machinery AsiaOctober 7, 2024No Comments2 Mins Read
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The Federal Highway Administration has allocated $62 billion in federal highway formula funds to states to help finance upgrades to highways, bridges, tunnels and other infrastructure across the country.

In announcing the funding distributions on Oct. 1, FHWA said funding for the formula program has been increasing since the advent of the Infrastructure Investment and Jobs Act (IIJA).

Transportation Secretary Pete Buttigieg said FHWA has funded more than 60,000 IIJA projects to date.

He said the new funding formula “will help states and communities continue to rebuild roads and bridges, implementing new and innovative ones.”

FHWA said the $62 billion in formula funding represents an $18.8 billion increase from FY 2021, which was the last fiscal year before the IIJA took effect. The formulas that determine how funds are distributed among the states are mandated by Congress.

The newly distributed funding, for fiscal year 2025, will go to all 50 states, the District of Columbia and Puerto Rico.

Formula programs are of great importance to state departments of transportation and construction companies that focus on transportation work. “They are the backbone of the federal surface transportation transportation program,” said Brian Turmail, vice president of public affairs and labor for General Contractors of America.

Turmail said in an email, “These funds provide the bulk of federal support to states for the maintenance and improvement of our transportation networks.”

Funds flow through 12 formula programs, according to FHWA.

See the table showing nine of the 12 programs here.

The largest, totaling $30.2 billion, is the National Highway Performance Program.

The primary recipients of fiscal year 2025 funding for this program are: Texas, at about $5.5 billion; California, with $5.2 billion; and Florida, with $2.7 billion.

Among other programs, the Bridge Formula program totals $5.3 billion. The largest state recipient of bridge formula funds is California, with $574.8 million; followed by New York, with 409 million dollars; and Pennsylvania, with $353.4 million.

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