Thanks to the length and depth of ongoing economic woes in the U.S., good news has been hard to come by for construction-related industries. However, a rare piece of positive news popped up today from U.S. Transportation Secretary Ray LaHood.
In June, the Federal Highway Administration (FHWA) invited states to apply for funding from 14 grant programs. After reviewing the applications, Sec. LaHood announced on Aug. 17 the awarding of $417.3 million in grants for projects ranging from interstate maintenance to research into innovative bridge materials and construction methods, according to a release from U.S. DOT.
“Transportation investments like these will create jobs, increase mobility, improve quality of life for all Americans and strengthen our national economy,” LaHood said. “The demand from the states for these funds shows just how critical the need is for infrastructure investment.”
Congress created the discretionary grant programs to give FHWA the latitude to support projects that maintain the nation’s roads and bridges, improve roadway safety and make communities more livable. For precast plants across the country, this means additional highway projects coming on line. To see where this new funding is headed, check out this state-by-state list of the grantees.