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

United States Wyden Tender

📄 Tender ID: 446090631 📅 Published: 30 Jul 2019

📋 Tender Overview

U.S. Sens. Ron Wyden D-OR Sherrod Brown D-OH and Sheldon Whitehouse D-RI announced that they secured a 3.25 billion investment for bridge repairs in a highway package set to pass this week in the Environment and Public Works Committee.The package includes the senators Bridge Investment Act their legislation to establish a competitive grant program to assist the repair and replacement of deficient and outdated bridges to ease the national bridge repair backlog. The 3.25 billion included in the highway package would fund grants under the new program including multi-year grants to large bridge projects and all projects funded by the bill are required to use American-made steel and iron. The highway package is expected to be a component of a larger surface transportation bill.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.All across Oregon I hear concerns from Oregonians about our nations crumbling infrastructure. With over half of the bridges in Oregon being more than half a century old our state is particularly vulnerable said Wyden ranking member of the Senate Finance Committee. The Bridge Investment Act will provide a critical boost of funding to improve safety and promote economic growth. I look forward to a speedy passage of the Senate highway bill package so we can get to work helping to improve Oregons infrastructure.Additional Bridge Investment Act provisions included in the EPW package wouldEnsure that a bipartisan infrastructure package could rehabilitate or replace nationally significant large bridges.Create an innovative evaluation process for proposed projects to ensure the fair and efficient allocation of federal funding. Bundle medium and small projects into a single application to cut down on red tape and accelerate repairs.Allow entities of all sizes and scope to apply for funding including states counties cities metropolitan planning organizations special purpose districts public authorities with transportation functions federal land management agencies and Indian tribes.The American Society of Civil Engineers the International Union of Operating Engineers National League of Cities North Americas Building Trades Union the Transportation Trades Department AFL-CIO the American Road Transportation Builders Association and the Associated General Contractors of America have endorsed these provisions.

🔍 Key Information

📄
Tender Reference No.
446090631
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Publication Date
30 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 · 30 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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