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Stimulus Funds * USA - Support 12,000 Projects
More than 3,000 completed with 9,000 more under way
Washington,DC,USA -The Journal of Commerce Online, by John D. Boyd -Feb 23, 2010: -- Stimulus funds for transportation infrastructure have so far paid to complete more than 3,000 construction projects around the United States and are now supporting three times that many under construction... Those numbers come from the latest oversight report from the House Transportation and Infrastructure Committee, based on data as of Dec. 31... The American Recovery and Reinvestment Act set aside $64.1 billion for expenditures under the committee’s jurisdiction. The report said nearly 17,000 projects totaling $56 billion have already been identified... Most of those are under the Federal Highway Administration, which had the largest amount of stimulus funds to allocate. The report said FHWA has approved 10,668 projects totaling $23.3 billion, or 85 percent of the $27.5 billion it administers... The committee identified 3,148 stimulus infrastructure projects that have been finished, at a value of $2.9 billion or 9 percent of available funds, and said 9,241 are currently under way worth $20.6 billion... The earliest to be completed were the most “shovel ready,” said Deputy Transportation Secretary John Porcari, while those now being developed were more complex... (Photo from lsservicesinc: Construction Staking for Roadway and Site Construction)
Labels: governments stimulus funds
posted by Unknown @ 12:56 PM
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