DOT stimulus payouts near $28 billion
(The following appeared on the Journal of Commerce website on May 11, 2011.)
WASHINGTON, D.C. ó 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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