Tuesday, March 9, 2010

150 Highway Improvement Projects Underway or Completed in Georgia Thanks to Stimulus Law

/PRNewswire/ -- There are currently 150 American Recovery & Reinvestment Act (ARRA)-financed highway construction projects underway or completed in Georgia involving $465.8 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 12,960 jobs in Georgia 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 $932.8 million to Georgia for highway, bridge and related improvements. This one-time bonus added more than 81 percent to Georgia'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 $2.08 billion.

According to Buechner, a Harvard-trained economist, another 193 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 Georgia congressional district.

Congressional District  Number of projects    Amount Obligated
---------------------- ------------------ ----------------
1 34 $86,665,347
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2 43 $86,835,121
--- --- -----------
3 38 $85,771,226
--- --- -----------
4 19 $56,778,387
--- --- -----------
5 12 $38,240,488
--- --- -----------
6 23 $66,378,240
--- --- -----------
7 8 $63,631,194
--- --- -----------
8 31 $117,272,487
--- --- ------------
9 22 $21,766,493
--- --- -----------
10 43 $87,392,499
--- --- -----------
11 18 $42,277,506
--- --- -----------
12 37 $43,465,818
--- --- -----------
13 13 $39,155,780
--- --- -----------
Multidistrict 2 $1,171,095
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