US highway bill receives temporary extension

The US president recently signed a short term extension for highway funding. This two month extension will provide funding for highway infrastructure until the end of July. This is a very temporary measure made as the US Government has so far been unable to agree the longer term deal that will guarantee highway investment. The president did propose a six-year transportation bill worth some US$478 billion. This would have given the necessary funds to deliver the much-needed investment in the country’s transportation system. The Highway Trust Fund is in particular need of investment and this short term political patch will not provide the necessary solution to help boost the US construction sector however.