32 highway improvement stimulus projects under way or completed in Vermont

first_imgThere are currently 32 American Recovery & Reinvestment Act (ARRA)-financed highway construction projects underway or completed in Vermont involving $85 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 2,366 jobs in Vermont 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 $125.8 million to Vermont for highway, bridge and related improvements. This one-time bonus added more than 94 percent to Vermont’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 $259.9 million.According to Buechner, a Harvard-trained economist, another 36 projects have been identified and are slated to be under construction shortly.A full report can be obtained by contacting ARTBA’s Jeff Solsby at [email protected](link sends e-mail) 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. PRNewswire. 3.8.2010last_img

Leave a Reply

Your email address will not be published. Required fields are marked *