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Missouri DOT ahead of schedule with stimulus projects
Posted By Equipment World Staff On May 28, 2009 @ 12:31 pm In Construction News | No Comments
Although stimulus money is available, some states have been scrambling to obligate these funds so they don’t lose them.
Looks like the “Show Me” state is showing their plans for the money — and doing so early.
The Missouri Department of Transportation (MoDOT ) announced today that it has obligated more than 50 percent of its American Recovery and Reinvestment Act (ARRA) funds. MoDOT met the required deadline more than a month ahead of schedule.
State departments of transportation were required by ARRA guidelines to obligate half, or $223 million in MoDOT’s case, of their economic stimulus funds by June 30. States not meeting this requirement are subject to having their funding redistributed to other states that did obligate at least 50 percent of discretionary Recovery Act funds by the deadline.
To date, the Missouri Highways and Transportation Commission has awarded 91 economic stimulus projects totaling $178.6 million. The work includes repairing or replacing bridges, building new interchanges, resurfacing roadways and improving shoulders and pavement.
The 91 ARRA projects will directly and indirectly support 4,970 jobs based on Federal Highway Administration estimates.
All of the ARRA funds distributed to Missouri for roads and bridges must be obligated by March 2, 2010. MoDOT got a jumpstart on meeting that deadline by being the first state in the nation to have a recovery project under way within minutes of President Barack Obama signing the federal act.
More information on the economic stimulus projects can be found at www.modot.org/readytogo .
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