U.S. Department of Transportation
Federal Highway Administration
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Highway Investment Hits $20 Billion
WASHINGTON - The Federal Highway Administration crossed the $20 billion mark in approved obligations for highway, road and bridge projects this week, U.S. Transportation Secretary Ray LaHood announced today. Of the $26.6 billion available for federal highway and bridge projects under the American Recovery and Reinvestment Act, more than 75 percent has now been obligated.
"Even though winter is right around the corner, highway and bridge projects are still getting underway, creating thousands of jobs and saving thousands more," said Secretary LaHood. "The Recovery Act is helping repair America's roads and bridges while putting people back to work."
The $36 million replacement of the I-25/Alameda bridge in Denver, CO, pushed the FHWA past the milestone. The project's approval capped one of the busiest months of highway spending, with nearly $760 million approved.
Other substantial progress made recently includes:
"By addressing many long-overdue repairs to America's roads and bridges," said Federal Highway Administrator Victor Mendez, "projects like these are improving the economy and local quality of life while strengthening the nation's infrastructure."
To date, nearly 8,500 highway projects have been approved and nearly 5,000 are underway.
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