13 Highway Improvement Projects Underway or Completed in Alaska Thanks to Stimulus Law
WASHINGTON, March 8 /PRNewswire-USNewswire/ -- There are currently 13 American Recovery & Reinvestment Act (ARRA)-financed highway construction projects underway or completed in Alaska involving $87.3 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 2,428 jobs in Alaska 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 $178.5 million to Alaska for highway, bridge and related improvements. This one-time bonus added more than 61 percent to Alaska'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 $469.2 million.
According to Buechner, a Harvard-trained economist, another 13 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 firstname.lastname@example.org 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
Posted: March 8, 2010
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