MoDOT meant business when it set out to show the world that transportation projects could have an immediate impact on creating jobs and boosting the economy. Before the ink was dry making the American Recovery and Reinvestment Act law, Missouri had signed a contract and began construction on the nation’s first stimulus project.
Keeping that momentum rolling, MoDOT has now obligated all of the $524.6 million it received in recovery act funds for MoDOT-administered projects well in advance of the March 2nd deadline.
“From launching the nation’s first transportation stimulus project to obligating all of our recovery act funds ahead of schedule, MoDOT has worked rapidly to show that transportation projects do play an integral role in supporting jobs and rebuilding our nation’s economy,” said MoDOT Director Pete Rahn. “While these funds don’t come close to covering all of our transportation needs, they have helped fill a short-term gap as other federal and state resources continue to decline.”
To date, the Missouri Highways and Transportation Commission has awarded 187 economic stimulus projects totaling $469 million. The ARRA funding awarded to date will support 12,524 direct, indirect and induced jobs based on Federal Highway Administration estimates.
Showing posts with label recovery act. Show all posts
Showing posts with label recovery act. Show all posts
Monday, February 8, 2010
Friday, January 29, 2010
Missouri Captures Millions for High-speed Rail Projects
With the recent addition of a new rail siding at California, Mo., riders of Amtrak’s Missouri River Runner have already been rewarded with much improved on-time performance, but there’s more good news. Missouri captured $31 million in recovery act funds for several high-speed rail projects that will support good jobs and keep the momentum building toward a faster and even more reliable passenger and freight train service.• a second rail bridge over the Osage River;
• a universal crossover near the Kirkwood Amtrak station; and
• safety improvements at several rail crossings, primarily west of Sedalia.
It will also fund preliminary engineering on six future improvement projects worth approximately $100 million, including double tracks between Lee’s Summit and Pleasant Hill, a passing siding at Kingsville, a grade separation at Strasburg, a passing siding extension at Knob Noster and universal crossovers – a device that allows trains to crossover to another track in either direction – at Bonnots Mill and Hermann.
Missouri’s success was part of the larger Midwest Regional Rail Initiative’s effort that, as a whole, captured $2.6 billion of the $8 billion in recovery act funds available for high-speed rail corridor improvements.
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