Surface Transportation: Tight Budget Environment Requires Sound
Investment Strategy (Testimony, 03/08/94, GAO/T-RCED-94-146).

At the federal level, concerns about the deficit continue to affect
funding decisions for a variety of federal programs, from transportation
to health care. Investment choices affecting transportation
infrastructure are also becoming increasingly complex as development of
the National Highway System moves ahead and decision-makers try to get
the biggest bang for every transportation dollar spent. This testimony
discusses (1) a $406-million imbalance in the Federal Highway
Administration (FHWA) budget; (2) the need for an FHWA project tracking
system capable of providing information on the status of specific
highway demonstration project authorizations; (3) the variability of
states' use of life-cycle costs analysis as a way of maximizing housing
investments; and (4) the need to refine the proposed National Highway
System.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  T-RCED-94-146
     TITLE:  Surface Transportation: Tight Budget Environment Requires 
             Sound Investment Strategy
      DATE:  03/08/94
   SUBJECT:  Highway planning
             Road construction
             Federal aid for highways
             Unobligated budget balances
             Ground transportation operations
             Interstate highway system
             Future budget projections
             Life cycle costs
             Maintenance (upkeep)
             Cost analysis
IDENTIFIER:  National Highway System
             DOT Surface Transportation Program
             FHwA Highway Performance Monitoring System
             
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