July 6, 2009
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FTA Awards $2.22 Billion in Recovery Act Grants
The Federal Transit Administration (FTA) has now awarded 221 American Recovery and Reinvestment Act (ARRA) grants totaling $2.22 billion to public transit agencies across the U.S. Another 346 grants worth a total of $3.8 billion are pending.
As part of the Obama Administration’s effort to infuse ARRA funds into the economy, states were required under the Recovery Act to obligate 50 percent of their highway funds by June 29. Working in coordination with U.S. DOT, the 55 U.S. states and territories beat this deadline at least 10 days ahead of schedule.
Vice President Joe Biden and Transportation Secretary Ray LaHood spoke at an ARRA event on June 25 about the value of these projects.
“Our number one priority with the Recovery Act is getting folks back to work—and there is no better way to do that in these early days than by putting shovels in the ground and jump-starting projects like these that create jobs and boost local communities,” Biden said. “By delivering on these projects ahead of schedule and under-budget, we have been able to do even more than we expected: create more job opportunities more quickly, with more dollars left over to put toward more projects that put people back on the job.”
LaHood added: “Every state not only met the 120-day deadline, they beat it. This is a testament to the fact that we’re putting money out there quickly and helping to get the economy back on track.”