Transportation: Stimulus Bill Information
Before the ink could dry on the stimulus package, many political pundits were calling transportation and infrastructure one of the big winners. The amount allocated for transportation infrastructure investment is $64.1 billion, according to the House Committee on Transportation and Infrastructure. Most of these funds go toward highway and bridge construction projects, mass transit such as public transportation and high-speed rail projects as well as aviation programs.
Highway and Bridge Construction: $27.5 billion in funding is available for projects that will result in the modernization of roads and bridges. Priority will be given to those projects that will be completed in a three year timeframe. States are required to commit at least 1/2 of their designated funds within 120 days, or the funds will be redistributed to other states.
Projects Impacting Transportation: S1.5 billion in funding will be provided in the way of grants to state and local governments for projects that will have a significant impact on passenger and freight rail transportation, port infrastructure investment, projects to improve the connectivity of ports to other modes of transportation and projects that improve the efficiency of freight movement.
Federal Aviation Association Improvements: $1.3 billion in funding will be provided to airports.
Rail Transportation: $9.3 billion in funding will be invested in projects that support the development of rail transportation, specifically projects that support intercity high speed rail services.
Public Transportation Projects: $8.4 billion in funding will be made available for additional transit capital assistance, fixed guideway infrastructure investment and capital investment grants.
Small Shipyards: $100 million in funding is available to be used in the form of supplemental grants to assist small shipyards with improvement or development projects.
