The Obama Administration reasoned that an infusion of federal spending on shovel-ready transportation projects would help create jobs while providing needed upgrades to our transportation infrastructure. I'm pleased to report that the American Recovery and Reinvestment Act (ARRA) is doing just that.
For June, with the summer construction season just heating up, grant recipients reported that transportation stimulus spending directly resulted in nearly 15,000 jobs. This was almost triple the number for May.
- For road, bridge, and highway projects, our grants resulted in more than 8,600 direct jobs.
- For transit projects, recovery dollars resulted in an estimated 4,400 jobs.
- Airport improvement projects created almost 1,700 direct jobs.
Please stay tuned--we'll be reporting the July data next month, and we expect to see another sharp increase in jobs.
And there are more stimulus awards coming this fall with $8 billion available to jump start high speed passenger rail in America.
Plus, in the coming months, DOT's discretionary TIGER grants will provide another $1.5 billion for multi-modal projects that will create jobs in economically distressed areas.
All in all, the signs are clear: DOT stimulus funds are generating needed jobs and rebuilding America's infrastructure.