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Stimulating the Infrastructure $130 billion of construction spending

The waiting went on and on as anxious construction industry and state officials watched for months for glimmers of progress in Washington on a bill that they hoped would ease the recession’s tightening grip. On Feb. 17, the long wait ended as President Obama traveled to Denver and signed what he called “the most sweeping economic recovery obama-biden-in-a-construction-zonepackage in our history,” the $787.2-billion American Recovery and Reinvestment Act of 2009. It was good news for construction, because the measure contains about $130 billion for highways, buildings and other public works. “How can you not be happy?” asks Stephen E. Sandherr, the Associated General Contractors’ CEO. “This is the most significant investment in infrastructure in my lifetime.”

As industry officials scrutinize the voluminous bill, they are looking for how much money it allocates for key programs and for details on how and when the funds will be disbursed…See the rest of the original story

Here is the part I found most applicable to your industry, 

 

HOW THE FINAL PACKAGE STACKS UP FOR CONSTRUCTION
TRANSPORTATION [$49.3 billion]         

  • Highways: $27.5 billion
  • Transit: $8.4 billion
  • New discretionary grant program: $1.5 billion for highways, transit, rail, seaports, other projects. U.S. Dept. of Transportation will choose which projects will be funded.
  • Airport Improvement Program construction grants: $1.1 billion
  • Rail: $9.3 billion, including $1.3 billion for Amtrak, $8 billion for high-speed rail
  • Port, transit, rail security: $300 million
  • DHS/Transportation Security Administration: $1 billion to procure, install airport explosives-detection, baggage-scanning equipment
  • Coast Guard, bridge alterations: $142 million
  • Coast Guard, acquisition, construction, improvements: $98 million
DEFENSE/VETERANS [$7.8 billion]        

    American_Crumbling_Infrastructure  
     

    American_Crumbling_Infrastructure

     

  • VA: $1.25 billion for hospital and other medical facility construction and upgrades
  • DOD: $4.24 billion for “facilities sustainment, restoration and modernization,” includes energy-efficiency improvements, plus repair and modernization of DOD buildings, including medical facilities.
  • DOD: $2.33 billion for facilities projects, including housing, hospitals, child-care centers, other military “quality-of-life” projects.
HOUSING/HUD [$9.6 billion]        

  • HUD Public Housing Capital Fund: $4 billion
  • HUD redevelopment of abandoned and foreclosed homes: $2 billion
  • HUD energy retrofits, “green” projects in HUD-assisted housing projects: $250 million
  • HUD Community Development Block Grants (housing, services, infrastructure): $1 billion
  • HOME investment partnerships: $2.25 billion
  • Lead-paint abatement: $100 million

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Posted by Ken.Kabaki on Feb 20th, 2009 and filed under Infrastructure, Latest. You can follow any responses to this entry through the RSS 2.0. You can leave a response by filling following comment form or trackback to this entry from your site

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