Today, the Federal Highway Administration (FHWA) announced a major milestone--obligating over $20 billion in Recovery Act highway, road, and bridge investments.
Now, that is over 75% of the $26.6 billion set aside by the American Recovery and Reinvestment Act back in only February. And, believe it or not, it's not easy work to approve nearly 8,500 projects and get nearly 5,000 of those projects underway in every state and territory in only nine months.
The $20 billion threshold was crossed with the $36 million replacement of the I-25/Alameda Avenue bridge in Denver, Colorado. And this project’s approval was just the cap to one of the busiest months of FHWA spending, with nearly $760 million approved.
As FHWA Administrator Victor Mendez put it:
"By addressing many long-overdue repairs to America’s roads and bridges, projects like these are improving the economy, enhancing the local quality of life, and strengthening the nation’s infrastructure."
So, I want to take this opportunity to thank the hardworking folks at FHWA and Administrator Mendez.
Through the Recovery Act, that team is working around the clock to repair America's roads and bridges, get this economy moving and put people back to work.