Bay Area Expected to Receive $494 Million from ARRA
On Tuesday, February 17, President Barack Obama signed into law the American Recovery and Reinvestment Act (ARRA) of 2009. The law authorizes $789 billion in spending, with the hope of saving the U.S. economy and generating jobs by investing in infrastructure, energy, healthcare, and education.
The ARRA includes $48 billion for the Department of Transportation. Specifically, the proposal includes $27.5 billion in Federal Highway Administration funding and $8.4 billion in Federal Transit Administration funds.
It is estimated that the San Francisco Bay Area will receive roughly $154 million through the Surface Transportation Program (STP) sub-allocated program and $340 million in Federal Transit Administration formula funds.
Detailed list of projects can be accessed at the Metropolitan Transportation Commission (MTC) website: http://www.mtc.ca.gov/
References:
http://www.mtc.ca.gov/funding/ARRA/TMP-3885_FINAL_VER_022609.pdf
http://www.mtc.ca.gov/funding/ARRA/TMP-3885_Attach-B-1_and_B-2_02-27-09.pdf
http://www.mtc.ca.gov/funding/ARRA/TMP-3885_Attach-C-1_and_C-2_02-27-09.pdf
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