294 Highway Improvement Projects Underway or Completed in North Carolina Thanks to Stimulus Law
WASHINGTON, March 8 /PRNewswire-USNewswire/ -- There are currently 294 American Recovery & Reinvestment Act (ARRA)-financed highway construction projects underway or completed in North Carolina involving $661.4 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 18,403 jobs in North Carolina 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 $735.5 million to North Carolina for highway, bridge and related improvements. This one-time bonus added more than 79 percent to North Carolina'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 $1.67 billion.
According to Buechner, a Harvard-trained economist, another 79 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 North Carolina congressional district.
Congressional District |
Number of projects |
Amount Obligated |
|
1 |
48 |
$50,098,874 |
|
2 |
27 |
$50,236,497 |
|
3 |
7 |
$17,927,167 |
|
4 |
23 |
$31,519,855 |
|
5 |
35 |
$93,908,694 |
|
6 |
11 |
$11,979,782 |
|
7 |
9 |
$35,725,696 |
|
8-9 |
16 |
$35,762,779 |
|
10 |
7 |
$15,430,369 |
|
11 |
45 |
$60,987,902 |
|
13 |
1 |
$1,674,973 |
|
Multidistrict/Statewide |
144 |
$305,432,351 |
|
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.
Contact: |
Jeff Solsby |
|
202-289-4434 |
||
SOURCE American Road & Transportation Builders Association
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