Banking, Finance, Insurance and Securities (BFIS) Bridges and Tunnels

United States Wicker Tender

📄 Tender ID: 446123806 📅 Published: 31 Jul 2019

📋 Tender Overview

U.S. Senators Roger Wicker R-Miss. and Cindy Hyde-Smith R-Miss. announced that their Bridge Investment Act has been included in the Americas Transportation Infrastructure Act a five-year surface transportation authorization bill passed unanimously out of the Environment and Public Works EPW Committee. The senators proposal would designate 3.265 billion from the Highway Trust Fund for a competitive grant program to repair and replace deficient and outdated bridges for fiscal years 2021 through 2025. The proposal would also authorize an additional 3.265 billion to be appropriated for the same period.Many of Mississippis bridges were built decades ago and are in need of major repairs. This problem also exists across the nation. I sponsored the Bridge Investment Act to provide support for rebuilding and repairing structurally-deficient bridges. With a competitive federal grant program specifically designed for bridges states like Mississippi would be able to access much-needed resources to complete these capital-intensive projects said Wicker who serves as chairman of the Senate Commerce Science and Transportation Committee and is a member of the Environment and Public Works Committee.Mississippi would benefit from a federal grant program specifically for bridge repairs and replacements. Committee acceptance of this bridge proposal is a good sign that we can move forward with a strong infrastructure package. This bipartisan authorization certainly complements the FY2019 appropriations set aside to fund a bridge replacement and rehabilitation program said Hyde-Smith who serves on the Senate Appropriations Committee.A report in April found that the pace of bridge repair has slowed despite the fact that more than 47000 bridges in the U.S. are structurally deficient and in need of urgent repairs. The report released by the American Road and Transportation Builders Association estimates it would take more than 80 years to repair the thousands of structurally-deficient bridges in the U.S. at the current pace.As part of the Americas Transportation Infrastructure Act the Bridge Investment Act wouldRequire all projects funded by the grants use American-made steel and iron.Ensure infrastructure legislation would provide support to rehabilitate or replace bridges of all sizes including large nationally-significant bridges.Create a new evaluation process for proposed projects to ensure the fair and efficient allocation of federal funding.Allow applicants to bundle medium and small projects into a single application to accelerate repairs.

🔍 Key Information

📄
Tender Reference No.
446123806
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Publication Date
31 Jul 2019
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Sector
Banking, Finance, Insurance and Securities (BFIS)
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Notice Type
News
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Location
United states

📁 Documents & Downloads

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🏷️ CPV

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🕒 Submission deadline
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days remaining · 31 Jul 2019
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🧭 Quick Facts

Authority N/A
Country United states
State / UT N/A
Tender Type Procurement News
Currency N/A
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