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Cost Analysis for Large Transport Projects: Greater Public Spending Transparency.

New rules require detailed cost-benefit analysis for large transportation projects exceeding $750 million. This aims to ensure taxpayer money is spent efficiently, and citizens will have access to information on how these investments are financed and what benefits they bring.
Key points
All large transportation projects (over $750M) must now undergo a value-for-money analysis, comparing public and private financing costs.
These analyses will be publicly available on project websites, increasing spending transparency.
Summary reports of these analyses will be submitted to Congress, helping identify best practices for project financing.
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Expired
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Additional Information
Print number: 117_S_2557
Sponsor: Sen. Portman, Rob [R-OH]
Process start date: 2021-07-29
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

A bill to require certain transportation projects to include a value-for-money analysis, and for other purposes.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2557.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-07-29.

What are the main provisions?

Key points include:

  • All large transportation projects (over $750M) must now undergo a value-for-money analysis, comparing public and private financing costs.
  • These analyses will be publicly available on project websites, increasing spending transparency.
  • Summary reports of these analyses will be submitted to Congress, helping identify best practices for project financing.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Portman, Rob [R-OH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Transport Public Investments Economy