Today, President Obama will urge congress to adopt the transportation section of the American Jobs Act, which would provide $60 billion in federal funds to stimulate a struggling industry and secure much-needed infrastructure work.
Last month, figures showed that the construction industry lost over 20,000 jobs and the unemployment rate among construction workers rose to nearly 13.7 percent. “Construction workers have been among the Americans hit hardest over the past few years," said President Obama. "And that makes no sense when there’s so much of America that needs rebuilding. This week, Congress has the chance to do something about it and pass a bill that will put hundreds of thousands of construction workers back to work rebuilding our roads, bridges, airports and transit systems. It’s a bill that includes the kinds of ideas both parties have voted for in the past, it’s paid for, and its ideas are supported by an overwhelming majority of the American people. It’s time for Congress to act."
OTHER ARTICLES RELATED TO INFRASTRUCTURE
The White House also released a report which highlights the urgent need for major renovations on America's roads, railways, airports and bridges. “In order to meet the needs of a growing economy, there is an ongoing need for new investments to maintain, upgrade, and expand the nation’s stock of transportation infrastructure.”
Other proposed initiatives include over $500 million in competitive TIGER grants to be awarded by the end of the year, an overhaul of the TIFIA funding application process, and establishing a Transportation Rapid Response team to assess critical projects around the country and expedite funding.