中文 | Homepage
Login | Contact Us
Search
loading...
Industrial Updates
International Shipping
Domestic Shipping
Ports
Logistics
International Shipping Center
China Shipping Prosperity Index
Global Port Development
China Shipping & Ports
International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
Logistics
DOT Stimulus Spending Tops $11 Billion
Date:2010-05-05 Readers:

 

 

Stimulus project spending by the Department of Transportation reached $11.393 billion as of April 23, up $926 million from the end of March.

The DOT will spend $48 billion under the 2009 American Recovery and Reinvestment Act, of which nearly $27 billion will be for highway and bridge projects. Most of that money is already allocated, so construction projects can proceed.

Actual payouts by the department come after states have submitted documentation for work they have completed, so at any one time thousands of projects are under way around the country while the DOT reimbursements are still pending.

Other DOT-administered stimulus funds have gone into airport runways and transit systems, while grants were recently awarded for dozens of freight and passenger rail system improvements, intermodal projects and port upgrades.

Separate transportation spending under ARRA is handled by other agencies, including the Army Corps of Engineers for barge infrastructure and the Coast Guard for rail bridges over navigable waterways.

Across all government agencies, stimulus disbursements through April 23 reached $222 billion, up $3 billion in the past week, on top of more than $100 billion in tax cuts that have taken effect so far.

Source: JOC

Back:  CN to open Prince Rupert intermodal rail links to Calgary and Edmonton
Next:  Damco Hires Chief Commercial Officer
China Shipping Database
China Shipping Database
Shipping Market Analysis
 
 
Copyright © 2008-2015 Shanghai International Shipping Institute (SISI) All Rights Reserved. Support by sk-vision & boondns. 沪ICP备05052059号-7