Stimulating the Infrastructure $130 billion of construction spending-1
The Senate is set to consider a bill next week that would authorize $38.5 billion for wastewater and drinking-water infrastructure over the next five years. S. 1005, the Water Infrastructure Financing Act, could come to a vote in the Senate as early as Monday, July 27.
New ‘Report Card’ Says $2.2 Trillion in Repairs Needed
Analysis of the signed $787-billion stimulus bill which includes $130 billion of construction spending.
Secretary of Transportation Ray LaHood requests action by the Nation’s Governors to make certifications and other assurances that the funding made available under the Recovery Act will be spent for worthy infrastructure projects. Certification is necessary to permit the timely release of funds.
California Governor Arnold Schwarzenegger advocates for a high-speed rail system to modernize US infrastructure, which he considers to be on par with that of a developing country. He says, “Our trains go the same speed today as they were 100 years ago,” Schwarzenegger says. “So where is the progress?”
“A Crumbling Infrastructure Cannot Support a Healthy Economy”- American Society for Civil Engineers (ASCE)