Friday, February 13, 2009

Stimulus - $825 Million in Transportation Enhancement Money

Thanks to everyone who called their Senators and Representative. The final draft of the stimulus bill sets aside 3% of the of the total transportation funding ($27.5 billion) for Transportation Enhancements. The House originally proposed 1.3 Billion and the was no money set aside in the Senate version.

The House and Senate will probably vote on the bill Today and Tomorrow respectively and signed by the President on Monday. It ain't over till the President signs so keep those fingers crossed.

One question that we are asking is how is this money going to be spent. Will it simply be used to fund the backlog of existing projects (many have been plagued by cost overruns) or will there be a call for new projects.