Tuesday, March 3, 2009

Is Phoenixville in line for stimulus funds? Feds release $1.8 BILLION in infrastructure funds for tri-state area

Did Phoenixville's Borough Council or the CDC make application for local projects under Pennsylvania's 1 BILLION DOLLAR share?

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Feds release $1.8B in infrastructure funds for tri-state area

Philadelphia Business Journal

President Obama and U.S. Transportation Secretary Ray LaHood announced the release of $27 billion in federal stimulus funds for infrastructure investments by states on Tuesday, including $1.8 billion for Pennsylvania, New Jersey and Delaware combined.

Pennsylvania is receiving just over $1 billion, which includes a distribution of $30 million for mandatory transportation enhancements, $181 million for urban areas (population over 200,000), $102.5 million for suburban areas (population under 200,000), $24.2 million for rural areas (population under 5,000) and $687 million for use in any area.

New Jersey is receiving a total of $651.7 million, which includes $19.5 million for mandatory transportation enhancements, $175.3 million for urban areas , $14.4 million for suburban areas , $5.9 million for rural areas and $436.7 million for use in any area.

Delaware is receiving a total of $121.8 million, which includes $3.6 million for mandatory transportation enhancements, $21.7 million for urban areas, $11.7 million for suburban areas, $3.2 million for rural areas and $81.6 million for use in any area.

States must allocate the funding to specific projects in 120 days or will lose the funding, which is being provided to make critical repairs to bridges and roads under the $787 billion American Recovery and Reinvestment Act stimulus package signed into law by Obama two weeks ago.

The mandatory transportation enhancement will include projects such as sidewalk repairs, bicycle paths and beautification projects that don't involve vehicle or mass transit related items.



http://philadelphia.bizjournals.com/philadelphia/stories/2009/03/02/daily30.html?ana=e_du_pub

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