Equipment World Digital Magazine
Issue link: http://read.dmtmag.com/i/620628
EquipmentWorld.com | January 2016 13 reporter | by Equipment World staff (continued from page 11) Hit the road with: collect them all! Flexible payment plans Downtime reimbursement Online certificates Flexible payment plans Downtime reimbursement Online certificates Hit the road with: collect them all! Protecting the rig that runs your business! Protecting the rig that runs your business! Protecting the rig that runs your business! Protecting the rig that runs your business! Progressive Casualty Ins. Co. & affi liates. All coverage subject to policy terms. 1-800-PROGRESSIVE 1-800-PROGRESSIVE PROGRESSIVE.com CORRECTION The labels on the photos of two tires in our story on page 44 of the November issue were inadvertently switched. The correct photos and labels are shown below. Goodyear Fuel Max LHS Bridgestone VSWAS shop" for technical assistance, financing and federal funding. The FAST Act also puts in place a system that requires USDOT to pro- vide "project-level" information to both the public and Congress in order to give transparency on how federal funds are spent on transportation. The legislation reduces funding for the Transportation Infrastructure Finance and Innovation Act (TIFIA) from $1 billion in fiscal year 2015 to $275 million a year. TIFIA funds provide lines of credit, loan guarantees or direct loans for financing surface transportation projects that are of national and regional significance. Associated Equipment Distributors estimates that the FAST Act will generate $14.37 billion in equipment sales, rental and product support throughout its five-year duration. This number is based on an AED- funded study by Professor Stephen Fuller at George Mason University, which estimated that each dollar of highway spending generates 6.4 cents in construction equipment market activity. Pete Ruane, American Road & Transportation Builders Associa- tion (ARTBA) president and CEO hailed the FAST Act, stating that it provides "funding predictability and less federal red tape for state transportation improvement programs," but also that he believes the effective duration of the act should be extended. "Five years goes by fast. In four years, state transportation depart- ments will again be staring at a looming funding abyss. Congress and the Obama Administration also fell short in providing the level of invest- ment that would result in demonstrable improvement in the overall physical conditions, performance and safety of the system. At best, we will be treading water." – Chris Hill