The Committee on Transportation and Infrastructure (T&I) met on Thursday, October 1, to examine the progress to date on implementing the American Recovery and Reinvestment Act. The hearing addressed implementation efforts by the Department of Transportation.
The Secretary provided the Committee with information regarding the $1.5 billion in Transportation Investments Generating Economic Recovery (TIGER) Grants. Nearly 1,400 applications were received for $56.5 billion in total projects, which means that DOT will only be able to fund fewer than 3% of the total number requests. They expect to be able to announce the grant recipients in December, well ahead of the February 2010 statutory deadline.
T&I Committee members also received a status update from Transportation Secretary Ray LaHood on the obligation and disbursements of stimulus funds. Secretary LaHood shared with the Committee that following the 32nd week of the implementation of the stimulus, DOT has obligated $29.4 billion - or over 60% of their stimulus funds - on over 9,000 projects across the country. The U.S. Treasury has so far disbursed almost $3.4 billion in payments for stimulus projects. For a video of the committee hearing and further information on the 225 day report, click here.
According to the Committee, the stimulus funding for highway and transit projects has created or sustained 122,000 jobs.
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