7061 East Pleasant Valley Road, Independence, Ohio 44131 • (216) 241-2630 / Fax: (216) 241-6516

Membership
Benefits
News and Issues
Departments
Information
Secretary-Treasurer
Merchandise
Communications
FELA
Events
Links
User Info

DOT's stimulus payouts reach $26.7 billion

(The following appeared on The Journal of Commerce website on March 23, 2011.)

WASHINGTON, D.C. — The Department of Transportation is pushing more stimulus money out to states to reimburse them for completed infrastructure projects, with total payouts reaching nearly $26.7 billion as of March 11.

That's up from $26.5 billion on March 4 and $26.3 billion Feb. 25, reflecting DOT payments totaling nearly $200 million in each of the past two weeks. From Feb. 28 through March 11, the DOT paid out $521 million in stimulus project reimbursements, according to the Obama administration's Recovery.gov Web site.

In all, the DOT had $48 billion to spend from the 2009 American Recovery and Reinvestment Act, so it has more than $21 billion left to pay out. Through March 11, it had obligated over $44.7 billion to back active or planned projects, leaving more than $3 billion yet to lock down.

However, those totals will soon change to reflect a new grant implementing agreement signed this week between North Carolina's Department of Transportation, Norfolk Southern Railway, Amtrak and other parties. That allows the state to spend $461 million on grant projects under the administration's intercity passenger rail program, much of it to improve tracks in a key corridor used by NS for intermodal service, and will push the DOT's total of obligated ARRA funds up to $45.2 billion.

In addition, the DOT recently offered up $2.43 billion in unused passenger rail funds for new project bids, with most of that money coming from stimulus grants rejected by Florida. Applicants have until April 4 to send in their requests, and Transportation Secretary Ray LaHood said the DOT will quickly decide how to allocate those funds.

The full story is at www.joc.com.

Thursday, March 24, 2011

Like us on Facebook at
Facebook.com/BLETNational

Sign up for BLET News Flash Alerts

© 1997-2019 Brotherhood of Locomotive Engineers and Trainmen

 


Decertification Helpline
(216) 694-0240

Sign up for BLET
News Flash Alerts

DAILY HEADLINES

SEPTA worker dies after falling onto tracks, getting hit by train
GAO: Longer freight trains create delays, safety concerns
Forest products and scrap recycling rail shippers seek oversight
Teamsters stand in solidarity with California UFCW workers
CN train derailed on Canada’s side of international tunnel, TSB says
Union Pacific’s new reservation system set to kick in with fines
Virgin Trains USA expanding service in Florida, California and Nevada
New book details danger of moving oil by rail
Organizers say efforts underway to run W.Va. New River Train this fall
Amtrak releases FY2018 sustainability report
Amtrak begins Philadelphia station’s name change
Unions allege BNSF employee medical reporting rules violate Americans with Disabilities Act
RRB Q&A: Reporting events that can affect retirement benefits
Get the latest labor news from the Teamsters

More Headlines