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Recovery Act Reinvestment Reaches 93 Percent

The Specialized Carriers & Rigging Association (SC&RA) reports that the investment of funds provided under the American Recovery and Reinvestment Act for highway, bridge, transit, and water infrastructure projects has reached 93 percent.

The latest transparency and accountability information reported to the The Committee on Transportation and Infrastructure, in Washington, D.C.,  shows that $35.1 billion of the $38 billion available for highway, transit, and wastewater infrastructure formula program projects under the Recovery Act has been put out to bid on 19,037 projects.

Within this total, 18,473 projects, totaling $34.1 billion or 90 percent, are under contract. Work has begun on 17,820 of these projects, totaling $33.3 billion, and work has been completed on 7,889 of these projects, totaling $6.3 billion. The numbers represent data reported as of July 31. According to the Sept. 3rd issue of the SC&RA Newsletter, the new data show that in the highways and bridges program, four states have 100 percent of their funding invested in projects that are underway or completed, while 32 others are above the 90 percent level.


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