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STIMULUS FUNDS * USA - Road Project Tests Power of Stimulus
California's Inland Empire -Hard-Hit by Recession- Counts on Interstate-Widening Work to Pave Region's Path to Recovery
San Bernardino,CAL,USA -The Wall Street Journal, by TAMARA AUDI-29 Sept 2009: ... The Inland Empire -- a vast swath of suburbia reaching into the desert east of Los Angeles -- is counting on an $800 million road project that will add lanes and reconfigure exit and entry ramps... With a federal stimulus grant of $128 million, the San Bernardino project is the country's fourth-largest stimulus investment in a road project. Without the stimulus money, the Interstate 215 project would have been another victim of California's budget crisis. Other partially finished road projects have stalled as the state slashed its budget... The project will test whether a dollop of government stimulus can make an impact in a region hit hard by the housing crisis and where more than half the home sales are foreclosures... (Photo from Associated Press - Road workers start construction along Interstate 215 in San Bernadino County, Calif., on Sept. 14. The project is getting $128 million in stimulus funds, making it the fourth-largest stimulus investment in a road project. The initiative is expected to directly employ 450 to 600 workers on construction sites for four years)Labels: governments stimulus funds
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