In times of increasing demands on our transportation infrastructure, it is important to recognize the recent efforts made by our Maine legislators, led by a bipartisan effort by the Joint Standing Committee on Transportation, and Gov. Janet Mills in supporting sustainable transportation funding. Their commitment to addressing these critical needs has laid the groundwork for a safer, more efficient and economically vibrant future for our state.
Maine鈥檚 transportation system is the backbone of our economy, connecting businesses, communities and families. However, the challenges we face are profound. According to the latest report from TRIP, a national nonprofit organization that provides research and analysis on transportation issues, nearly 15% of our bridges are structurally deficient or functionally obsolete. This statistic underscores a growing urgency for immediate action. Without proper maintenance and investment, these essential structures could compromise public safety, disrupt commerce and hinder the movement of goods and services throughout our state.
The importance of sustainable funding cannot be overstated. Gov. Mills and the Maine Legislature have recognized that the Highway Fund must not only be replenished but fortified for the challenges ahead. The 131st Legislature directed that 40% of the sales tax collected on vehicle purchases be allocated to the Highway Fund. This landmark decision is expected to generate an estimated $200 million per biennium. This steady revenue stream is critical to addressing Maine鈥檚 transportation infrastructure needs without relying excessively on borrowing. And the funding is not limited to highways and bridges; it is also available for rail, trails and other non-highway modes.
Investing in roads and bridges brings broad economic benefits. The TRIP report highlights that congested roads choke commuting and commerce, costing Maine drivers $300 million annually in lost time and wasted fuel. Additionally, driving on deteriorated roads costs Maine motorists $610 million a year in vehicle repairs, depreciation, increased fuel consumption and tire wear. These figures are not just statistics; they translate into lost productivity, increased vehicle maintenance costs and higher insurance rates for all Maine residents. By enhancing our infrastructure, we can mitigate these losses and unlock more growth opportunities.
Clearly, the benefits of well-maintained transportation systems extend beyond economics; they also encompass public safety. Maine has a higher rate of roadway fatalities than the national average, a factor that can be significantly mitigated through improved infrastructure. Investing in transportation means investing in the safety of our families and friends. It means fewer accidents, shorter travel times and more reliable connections between communities.
Moreover, the effects of climate change are becoming increasingly evident, making it vital for us to build a transportation system that not only serves our current needs but is also resilient and sustainable for future generations. By investing in green transportation initiatives and infrastructure updates, we can significantly reduce greenhouse gas emissions and make a positive contribution to our environment. Gov. Mills and our legislators have taken steps in this direction, promoting strategies that will make our transportation systems safer and more eco-friendly.
But these improvements do not come without challenges. The projected shortfall of the Highway Fund, estimated to reach $280 million by the end of fiscal year 2027, looms large. The newly implemented funding mechanisms, however, present a vital opportunity to bridge these gaps and ensure continuous, consistent investments in our infrastructure.
Looking ahead, it is essential to sustain the momentum that the governor and legislators have initiated. Maine鈥檚 transportation challenges are not insurmountable, and with the right priorities and persistent commitment, we can create a robust infrastructure that benefits all residents and sustains all modes.
Our association extends our gratitude to Gov. Mills, the Transportation Committee and their colleagues in the Maine Legislature for their widespread bipartisan support of continued sustainable transportation funding. Leadership in this crucial initiative will pave the way for a safer, more prosperous and resilient Maine. Together, we can ensure that our transportation systems not only meet today鈥檚 needs but also position us for a brighter future. We are grateful that policy leaders are prioritizing the safety, economic well-being and the overall quality of life of all Mainers.