Press Release |
UDOT Meets Federal Stimulus Obligation Deadline 15 Weeks Ahead of Schedule
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SALT LAKE CITY--(Business Wire)-- Sixty-four percent of UDOT`s 56 federally-funded highway stimulus projects, equaling $96.5 million of the $149.5 million allocated to Utah, have been obligated in just two weeks. The American Recovery and Reinvestment Act (ARRA), signed by President Barack Obama on Feb. 17, requires all states to have at least 50 percent of their federal stimulus funds obligated within 120 days of March 3 (when funding became available) and all stimulus projects obligated within one year. ARRA also requires all projects to be completed within three years. The remaining projects will be obligated by the end of May, making UDOT one of the first in the country to have 100 percent of its projects ready to be advertised to the contractor community. Timely federal obligation is a significant milestone toward completing all of UDOT`s ARRA projects by the end of the year, a challenge issued by UDOT officials. UDOT`s aggressive timeline will allow projects to be started and completed quickly and ensure that federal funds target all four corners of the state to more effectively generate and support jobs and help Utah`s overall economy. As part of the obligation process, UDOT must submit environmental documents, project specs, cost estimates, certifications and proof of right-of-way ownership. Each project is then reviewed by the Federal Highway Administration (FHWA) and authorization is either granted or denied. Once FHWA has obligated a project, the state can begin to advertise it among contractors and prepare for construction. Since transportation funds are under tight scrutiny, states that are unable to meet federal guidelines stand to lose the remaining funds not obligated by the federal government and those dollars will be reappropriated to states that met the requirements. UDOT`s 56 ARRA projects are designed to maintain pavement conditions, rehabilitate and repair existing bridges and improve capacity along Utah highways. Additionally, UDOT`s ARRA projects would not have been funded otherwise this year. UDOT Nile Easton Office: 801-965-4387 Cellular: 801-673-7107 Pager: 801-241-3245 Copyright Business Wire 2009