A recent article in ENR, identified over $159 million in projects included in the proposed economic stimulas package. Read Article ENR reported that over $43 million will be spent on transportation projects, and $36 billion in energy related projects.
A recent press release by the AASHTO, stress that the federal government should strongly consider states that have "Ready to go" projects. "State DOTs right now are moving to advance thousands of projects, so that contracts can be let in 120 days, as the House bill has proposed," said John Horsley, Executive Director of the American Association of State Highway and Transportation Officials (AASHTO). "Those projects will enable the transportation industry to keep people at work, and bring construction workers back on the job very quickly. As late as last Friday we asked the state DOTs if they are prepared to have 50 percent of the $30 billion under contract within 120 days, as the House bill stipulates. They responded, "Yes, we can!" Read Press Release or Watch Video.
A new article by the Associated Press reports that President Obama's $825 million economic stimulus package likely create 670,000 construction jobs by the end of 2010. AP conducted an interview with Moody's Chief Economist Mark Zandi. According to Zandi, proposed stimulus package would would direct $70 million to the nation's infrastructure. Read Article
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