Vice President Biden Announces Nearly 200 New Recovery Act Transit Projects in 42 States
"Vice President Joe Biden and U.S. Transportation Secretary Ray LaHood today announced funding for 191 new Recovery Act transit projects in 42 states and Puerto Rico that will help transform the nation’s infrastructure and support thousands of jobs across the country. In making the over $600 million in new awards, the Federal Transit Administration met an aggressive deadline to award 100 percent of its Recovery Act transit formula dollars by March 5.

Since President Obama signed the Recovery Act in February 2009, the FTA has awarded 881 grants totaling $7.5 billion, which means all the formula transit funds provided by the Recovery Act have now been “obligated” or committed to specific transit projects. Once funds are obligated to a project, contracts can be bid, workers can be hired, buses and rail cars can be purchased and work can begin on transit construction projects that create jobs and drive economic growth. Recovery Act transit projects have already generated enough work to employ thousands of people nationwide and activity is expected to ramp up even further in the months ahead as new projects break ground and equipment orders are fulfilled..."