US President Obama’s transportation investment proposal to give boost to construction industry

Wednesday, 08 September 2010 13:20:27 (GMT+2)

The plan builds upon the infrastructure investments the President has already made through the Recovery Act.

Some of the tangible accomplishments of the President's plan over the next six years include:

• ROADS: Rebuild 150,000 miles of roads
• RAILWAYS: Construct and maintain 4,000 miles of rail - enough to go coast-to-coast; 
• RUNWAYS: Rehabilitate or reconstruct 150 miles of runway

According to a Tuesday statement by Stephen E. Sandherr, chief executive officer of the Associated General Contractors of America:

"The President clearly appreciates that the infrastructure-focused portions of the stimulus were effective in boosting employment and helping rebuild America's aging infrastructure. And while the most effective sequel to the stimulus is passing a fully funded six-year surface transportation bill, countless thousands of construction workers will have a better chance of retaining their jobs thanks to this proposal than they otherwise would once the stimulus runs its course.

"Like others, we are anxious to learn more details about the President's proposal, and hope that this proposal receives the bipartisan consideration and support investing in our country's economic infrastructure ought to merit.

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