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March 18th, 2009 at 12:46 pm

Industry News: President Obama Releases $26.6 Billion for Transportation Safety

» by eric in: Construction

Better transportation safety is expected as billions of dollars are allocated for the building and repair of roads, highways and bridges nationwide. President Barack Obama recently released $26.6 billion from the American Recovery and Reinvestment
Act (ARRA) to states and local transportation authorities.

More Jobs

Not only is this step a leap for transportation safety nationwide, it also translates to more jobs. “This investment in highways will create or save 150,000 jobs by the end of next year, most of them in the private sector,” President Obama said. “The jobs that we’re creating are good jobs that pay more than average; jobs grinding asphalt and paving roads, filling potholes, making street signs, repairing stop lights, replacing guard rails,” he said.

100 Transportation Projects…and More

To date, state highway departments have identified more than a hundred transportation projects across the U.S., which total to more than $750 million in budget. But this figure is expected to multiply as more states submit certifications and start to receive project approvals.   

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