U.S. recovery act reaches 10,000 transportation projects

08:42, November 13, 2009      

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The U.S. government has approved 10,041 transportation projects across the nation under the allocation of Recovery Act fund, Vice President Joe Biden and Transportation Secretary Ray LaHood announced on Thursday.

"Just nine months in, tens of thousands of people are on the job at highway, bridge, rail and airport improvement projects across the country thanks to the quick action by the Department of Transportation putting Recovery Act dollars to work," said Vice President Biden in a White House statement. "This is a significant milestone on the road to recovery, but we continue to work every day to create more jobs and drive economic growth."

"From the beginning of the Recovery Act, it has been our top priority to get money out the door quickly to create jobs and boost the economy," said Secretary LaHood, adding that these projects are critical investments in national infrastructure.

The Obama administration launched a 787-billion-dollar stimulus bill -- the Recovery Act -- to boost the economy in February.

To date, the U.S. Department of Transportation has made 48.1 billion U.S. dollars available for highway, road, transit, bridge and airport construction and repairs nationwide. Of that, 30.6 billion dollars already has been obligated to fund 10,041 approved projects in 53 U.S. states and territories, with 6,547 transportation projects underway.

Investment in the infrastructure is considered an important measure in tackling the economic recession and creating jobs of the Obama administration. President Obama said earlier this month that the stimulus package has created or saved more than 1 million jobs across the nation.

However, a 26-year-high unemployment rate of 10.2 percent in October hit people's confidence in the government. The White House has warned that unemployment could get a little worse before it starts getting better.

Source: Xinhua
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