PM Network - April 2009

theb uzby Sarzah Fister Gale

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U.S. PRESIDENT Barack Obama is trying to dig his way out of the economic hole with a massive infrastructure overhaul that comes complete with a catchphrase: “shovel-ready projects.” The goal is to ensure a quick turnaround on costly infrastructure projects while pumping jobs, money and a little bit of hope back into the U.S. economy. The hit-the-ground-running initiatives will represent a sizeable chunk of the $150 billion expected to be spent on infrastructure projects by the Obama administration, according to a report by CIBC World Markets.

Not surprisingly, U.S. state and local officials from coast to coast jumped at the chance to assemble their wish lists. Although the majority of funding will target highway and transportation initiatives, the projects that have been submitted run the gamut from sewer system upgrades and road improvements to school construction and renewable energy. And their prices range from several thousand dollars to several million.