President Barack Obama and Vice President Biden today announced the release of $28 billion from the American Recovery and Reinvestment Act (ARRA) to states and local transportation authorities to repair and build highways, roads and bridges. This investment will lead to 150,000 jobs saved or created by the end of 2010. The President and Vice President were joined at the Department of Transportation by Secretary Ray LaHood.
State highway departments have already identified more than 100 transportation projects across the country, totaling more than $750 million, where construction can start within the month. The U.S. Department of Transportation will monitor state compliance and track job creation, and information on the projects will be posted on Recovery.gov.
Projects funded by the American Recovery and Reinvestment Act will bear a newly-designed emblem (see attached). The emblem is a symbol of President Obama’s commitment to the American people to invest their tax dollars wisely to put Americans back to work.