Saturday, November 21, 2009

US Freight Infrastructure Benefits From Huge Funding

DOT Spends $2 Billion in Last Month
Shipping News Feature

USA – The U.S. Department of Transport (DOT) has spent almost $6 billion on transport infrastructure projects that benefit the American freight industry by funding improvements and repairs to highways and roads under the Recovery and Reinvestment Act. Almost $2 billion was paid out in last month alone!

In addition, Ray LeHood, the Secretary for Transportation, has promised that sums will be granted to port improvement programs that so far have been as no specific provision was made for these under the R&R Act.

In total, the DOT has approved $31 billion worth of infrastructure projects to date. In addition, other US departments are assisting the freight sector with other programs from their own R&R Act quotas by funding projects such as improved customs facilities at the borders, replacement schemes for older, more polluting trucks and dredging works.