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DOT stimulus payouts near $28 billion

(The following appeared on the Journal of Commerce website on May 11, 2011.)

WASHINGTON, D.C. Department of Transportation payouts to states for infrastructure projects from the 2009 stimulus law reached $27.8 billion as of April 29, with $655 million of that coming since the end of March.

That payout total is also up about $3 billion since the beginning of 2011, providing a sizable injection of project money to replenish transportation accounts that are running low in many states.

The DOT has yet to disburse $20 billion from the American Recovery and Reinvestment Act.

The department received $48.1 billion to spend on highways, airports, passenger rail grants, which also boost freight rail lanes, and a discretionary grant fund, from which the DOT included awards to freight railroads, roads used by truckers, ports and marine highway programs.

Full story: www.joc.com

Thursday, May 12, 2011

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