Road funding hits $20B
Published: November 6,2009
WASHINGTON — The Federal Highway Administration crossed the $20-billion mark in approved obligations for highway, road and bridge projects this week. Of the $26.6 billion available for federal highway and bridge projects under the American Recovery and Reinvestment Act, more than 75 percent has now been obligated.
The $36-million replacement of the I-25/Alameda bridge in Denver, Col., pushed the FHWA past the milestone. The project’s approval capped one of the busiest months of highway spending, with nearly $760 million approved.
To date, nearly 8,500 highway projects have been approved and nearly 5,000 are underway.
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