U.S. DOT Announces $1.5 Billion in Road, Bridge Funds
Money will reimburse states for repairs prompted by natural disasters.
The U.S. Department of Transportation today announced more than $1.5 billion in awards to states and localities to help them defray the cost of repairing infrastructure damaged by natural disasters.
The funding was provided in legislation passed by Congress back in November that funded DOT for the 2012 fiscal year and provided a stopgap funding for other federal agencies. Much of the money provided by the emergency relief covers damage done by Hurricane Irene, which hit the northeast last year.
States are allowed to begin emergency repairs immediately -- rather than waiting for the federal funds to come through -- in order to encourage them to quickly restore traffic flow and prevent further damage.
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