IANS | 18 Aug, 2012
The Obama administration moved Friday to boost
construction jobs by making more than $470 million in unspent infrastructure
funds available to state governments.
The move to free up the unspent funds, known as earmarks, is aimed at creating
work for the hundreds of thousands of construction workers suffering from the
US' anemic economy, reported Xinhua.
Effective Friday, transportation departments in all states would have the
ability to use their unspent earmarked highway funds, some of which were nearly
10-years old, on any eligible highway, passenger rail or port project, a White
House statement said.
"My administration will continue to do everything we can to put Americans
back to work. We're not going to let politics stand between construction workers
and good jobs repairing our roads and bridges," President Barack Obama
said.
US Transportation Secretary Ray LaHood said: "We are freeing up these
funds so states can get down to the business of moving transportation projects
forward and putting our friends and neighbours back to work."
About $473 million in highway earmarks from the 2003 fiscal year to the 2006
fiscal year remain unspent.
