July 30, 2008 3:02PM

Fixing the Nation’s Crumbling Infrastructure

By Alexis Glick

The Department of Transportation’s Secretary Mary Peters has created a new plan to revitalize and fund the crumbling infrastructure in this country. It’s a bold plan that would cut over 100 federal transport programs and would rely on funding through new revenue sources. Not the gas tax that we so often hear about, but pricing options like increasing toll prices and empowering states to access roughly $400 billion in private sector funding.

This morning Tyler Duvall, the assistant secretary for transportation policy and acting under secretary for policy at the U.S. Department of Transportation joined me to discuss the new plan which Secretary Peters will bring to Capitol Hill later this week and to discuss this staggering statistic. Transportation spending has increased by over 100% over the last 10 years and at the same time congestion has risen 300%. How will the Transportation Department tackle this issue ahead of an election, take a look. The secretary did a great job explaining the risks and the conundrums.