ARTICLE
30 April 2009

American Recovery And Reinvestment Act Of 2009: Infrastructure Initiatives

President Obama signed into law H.R. 1, the “American Recovery and Reinvestment Act of 2009” on February 17, 2009.
United States Finance and Banking
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This article was originally published 3 March, 2009

President Obama signed into law H.R. 1, the "American Recovery and Reinvestment Act of 2009" (the Act) on February 17, 2009 (the Enactment Date). The Act provides $787 billion in new spending and tax incentives that are intended to provide economic stimulus for the American economy. One of the stated purposes of the Act is to provide significant funding to improve the nation's aging infrastructure and to that end the Act contains approximately $120 billion for infrastructure and technology-related investments.

In broad terms, this $120 billion is allocated as follows:

Highways, Rails and Ports

  • $27.5 billion for U.S. highways, passenger rail, freight rail and ports
  • $6.9 billion in "Federal Transit Administration Transit Capital Assistance"
  • $8 billion for a high-speed passenger intercity rail system " $1.3 billion in capital grants to Amtrak

Aviation

  • $1.1 billion for Grants-in-Aid for Airports
  • $1 billion for TSA aviation security

Water and Environmental Remediation

  • $6.4 billion in clean water and environmental remediation projects
  • $1 billion in water and related resources projects

Broadband Technology

  • $7.2 billion for the expansion of broadband technology to more communities in the United States

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This article has been prepared by Sidley Austin LLP for informational purposes only and does not constitute legal advice. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Readers should not act upon this without seeking professional counsel.

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