US to unlock unspent infrastructure fundsAugust 18th, 2012 - 2:34 pm ICT by IANS
Washington, Aug 18 (IANS) The Obama administration moved Friday to boost construction jobs by making more than $470 million in unspent infrastructure funds available to state governments.
The move to free up the unspent funds, known as earmarks, is aimed at creating work for the hundreds of thousands of construction workers suffering from the US’ anemic economy, reported Xinhua.
Effective Friday, transportation departments in all states would have the ability to use their unspent earmarked highway funds, some of which were nearly 10-years old, on any eligible highway, passenger rail or port project, a White House statement said.
“My administration will continue to do everything we can to put Americans back to work. We’re not going to let politics stand between construction workers and good jobs repairing our roads and bridges,” President Barack Obama said.
US Transportation Secretary Ray LaHood said: “We are freeing up these funds so states can get down to the business of moving transportation projects forward and putting our friends and neighbours back to work.”
About $473 million in highway earmarks from the 2003 fiscal year to the 2006 fiscal year remain unspent.
- Vice President Biden announces 100 percent of Recovery Act highway funds allocated - Mar 02, 2010
- U.S. Department of Transportation awards $11.8 million in training grants - Mar 23, 2010
- U.S. to invest $2.4 billion in interstate high-speed rail projects - Oct 28, 2010
- U.S. Department of Transportation to get $128 billion budget for 2012 - Feb 15, 2011
- US aviation chief resigns after drunk driving arrest - Dec 07, 2011
- U.S. FAA announces $7.7 million to develop 'green' fuel - Dec 02, 2011
- US President Barack Obama says that the '10,000th road project' is a big deal - Jun 20, 2010
- $1.5 billion granted for 51 transportation projects through U.S. Recovery Act - Feb 17, 2010
- U.S. Transportation Secretary LaHood receives recommendations from aviation advisory committee - Dec 16, 2010
- European situation threat to US economic recovery: Obama - Jun 09, 2012
- India to raise $1.9 bn debt for building highways - Nov 23, 2011
- FAA announces over $2.5 million in Recovery Act fund for airport projects - Sep 29, 2010
- FAA celebrates opening of airfield upgrade at Chattanooga Metropolitan Airport - Jul 28, 2010
- US mulls banning phone use while driving - Jul 13, 2011
- More Fines For Toyota If Extra Security Breaches Are Discovered - May 11, 2010
Tags: 10 years, barack obama, construction workers, earmarks, economy, fiscal year, friends and neighbours, hundreds of thousands, infrastructure funds, jobs, ray lahood, roads and bridges, state governments, transportation departments, transportation projects, transportation secretary, white house, xinhua