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Dollars Roll Out At Uneven Pace

Publication Date: 4/4/2009
Author: Tom Ichniowski
Format: HTML

As the $787.2-billion American Recovery and Reinvestment Act (ARRA) nears its two-month mark, federal agencies are picking up the pace in parceling out the measure’s estimated $130 billion for construction-related projects. The flow of funds, however, has been uneven. The Dept. of Transportation is in the fore-front obligating $4.7 billion in stimulus aid as of March 31. Most of that has gone to state highway agencies, which have begun to commit money and award construction contracts for specific projects.

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