Monday, March 23, 2009

President Obama Signs 2009 American Recovery and Reinvestment Act (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 provides $48 billion for transportation infrastructure investment. The final bill includes:
• $27.5 billion for highways and bridges
• $8.4 billion for transit
• $9.3 billion for rail ($8 billion for high-speed rail)
• $1.5 billion for competitive surface transportation grants to state and local governments

Resources:
http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_bills&docid=f:h1enr.txt.pdf
http://www.fhwa.dot.gov/economicrecovery/index.htm
http://www.fhwa.dot.gov/economicrecovery/qandas.htm
http://www.fhwa.dot.gov/economicrecovery/expedite.htm

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