264 Highway Improvement Projects Underway or Completed in Tennessee Thanks to Stimulus Law
WASHINGTON, March 8 /PRNewswire-USNewswire/ -- There are currently 264 American Recovery & Reinvestment Act (ARRA)-financed highway construction projects underway or completed in Tennessee involving $303.6 million in funds, according to data released today by the Washington, D.C.-based American Road & Transportation Builders Association (ARTBA). The projects underway or completed have supported or are supporting 14,629 jobs in Tennessee that would otherwise not exist, says ARTBA Vice President of Economics & Research Dr. Bill Buechner.
ARRA, signed into law on February 17, 2009, provided $48 billion for transportation improvements over two years, including $27.5 billion for highway, bridge and related construction projects nationwide. The law is having significant impacts on the transportation construction industry in all 50 states.
ARRA provided $576.5 million to Tennessee for highway, bridge and related improvements. This one-time bonus added more than 82 percent to Tennessee's regular federal highway funds under the current federal surface transportation law -- Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU) --bringing the state's total federal highway funding in 2009 to a record $1.28 billion.
According to Buechner, a Harvard-trained economist, another 35 projects have been identified and are slated to be under construction shortly.
The following shows the number of ARRA-financed highway projects and amount obligated in each
Tennessee congressional district.
Congressional District |
Number of projects |
Amount Obligated |
|
1 |
38 |
$77,023,537 |
|
2 |
24 |
$27,055,949 |
|
3 |
43 |
$52,392,636 |
|
4 |
42 |
$79,030,075 |
|
5 |
23 |
$71,094,319 |
|
6 |
41 |
$75,677,818 |
|
7 |
25 |
$44,460,002 |
|
8 |
41 |
$106,599,425 |
|
9 |
21 |
$24,615,360 |
|
Multidistrict/Statewide |
1 |
$800,000 |
|
A full report can be obtained by contacting ARTBA's Jeff Solsby at [email protected] or 202-289-4434.
For 108 years, ARTBA has represented the U.S. transportation design and construction industry before Congress, the White House, federal agencies, news media and general public.
SOURCE American Road & Transportation Builders Association
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