Sunday, June 28, 2009

Stimulous Spending on Transportation

In a White House blog post DOT Sets the Record Straight...

"Those of us here over at DOT want to set the record straight when it comes to whether or not Recovery Act money is getting out to states and putting people back to work. There are reports in the press, specifically in Thursday’s USA Today, that say only a fraction of stimulus dollars dedicated for construction projects is reaching states. This simply isn’t true.
 
So far all 50 states and the territories have obligated or dedicated $16 billion dollars of their highway stimulus money to over 5,000 construction projects. Of those projects, over 1,500 of them are underway - bids are being made, equipment and supplies are being purchased, contractors are hiring and workers are working.
 
The USA Today story said states have only received '$132 million from the stimulus package out of $27.5 billion earmarked for road construction funding.' This is false and shows a misunderstanding of the way states get federal money for highway projects. Let me explain."

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