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American Recovery and Reinvestment Act of 2009 - ARRA
The American Recovery and Reinvestment Act (ARRA)
Award Progress: 919 Completed; 687 More Than 50% Completed; 2010 Less than 50% Complete; 1616 Not Started.
The American Recovery and Reinvestment Act (ARRA), is an audit report. The overall objective of this audit was to highlight key DOT oversight challenges and identify actions that DOT should undertake now. According to the Secretary of Transportation, ARRA represents “the largest investment in America’s roads, bridges, transit lines, and rail systems since the creation of the interstate highway system.” The vast majority of ARRA funding goes to the Federal Highway Administration (FHWA), the Federal Railroad Administration (FRA), and the Federal Transit Administration (FTA) for the construction and/or maintenance of highway, road, bridge, transit, and rail projects. The remaining ARRA funds are distributed among the Office of the Secretary of Transportation (OST), the Federal Aviation Administration (FAA), the Maritime Administration (MARAD), and OIG.
Provisions of ARRA are preserving and creating jobs, promoting economic recovery, and investing in transportation infrastructure that will provide long-term economic benefits. In addition to providing funding for a number of existing DOT programs, ARRA directs DOT to create several new programs and establishes tight time frames for distributing and expending funds and for reporting results (for example, the number of jobs created).
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