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Recovery Act highway investment hits $20B
By CCJ Staff
The Federal Highway Administration crossed the $20 billion mark in approved obligations for highway, road and bridge projects, the U.S. Department of Transportation announced. Of the $26.6 billion available for federal highway and bridge projects under the American Recovery and Reinvestment Act, more than 75 percent now has been obligated.
“Even though winter is right around the corner, highway and bridge projects are still getting under way, creating thousands of jobs and saving thousands more,” U.S. Transportation Secretary Ray LaHood says. “The Recovery Act is helping repair America’s roads and bridges while putting people back to work.”
To date, nearly 8,500 highway projects have been approved and nearly 5,000 are under way. “By addressing many long-overdue repairs to America’s roads and bridges, projects like these are improving the economy and local quality of life while strengthening the nation’s infrastructure,” says Federal Highway Administrator Victor Mendez. |
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