March 18, 2020      5:30 PM
Fearing a recession, Texas House and Senate Transportation Chairmen ask TxDOT to hit pause on the Unified Transportation Plan
"...there is immense volatility in the global financial markets, a near collapse in the oil market, and a threat of a potential recession"
Editor’s note: The full
letter from Chairmen Nichols and Canales can be downloaded by subscribers at
the end of this story – SB
With crude oil trading
just over $20 this afternoon, the chairmen of the Texas Senate
and Texas House Transportation Committees are now asking the head
of the Transportation Commission, Bruce Bugg, to hit pause
on any revisions to the state’s Unified Transportation Plan including
the proposed makeover
of I-35 in Austin.
Given the current economic
environment, they did not mince words about the need to postpone any road funding
By Scott Braddock