HOME


ABOUT CRGP
MEMBERSHIP
PEOPLE
RESEARCH
PUBLICATIONS
EVENTS
NEWS
  CRGP News
  Global Projects Blog
  Global Projects RealNews






« Lending rates for infrastructure projects may come down | Main | China to lend $25bln to Russia's Rosneft, Transneft at 6% p.a. »

February 17, 2009

Highlights of $787 billion stimulus plan

Highlights of the $787 billion bill signed into law Tuesday by President Barack Obama. Additional debt costs would add about $330 billion over 10 years. Many provisions expire in two years.

Spending

AID TO POOR AND UNEMPLOYED

_ $40 billion to provide extended unemployment benefits through Dec. 31, and increase them by $25 a week; $20 billion to increase food stamp benefits by 14 percent; $4 billion for job training; $3 billion in temporary welfare payments.

DIRECT CASH PAYMENTS

_ $14.2 billion to give one-time $250 payments to Social Security recipients, poor people on Supplemental Security Income, and veterans receiving disability and pensions.

INFRASTRUCTURE

_ $48 billion for transportation projects, including $27.5 billion for highway and bridge construction and repair; $8.4 billion for mass transit; $8 billion for construction of high-speed railways and $1.3 billion for Amtrak; $4.6 billion for the Army Corps of Engineers; $4 billion for public housing improvements; $6 billion for clean and drinking water projects; $7.2 billion to bring broadband Internet service to underserved areas; $4.2 billion to repair and modernize Defense Department facilities.

Full Story...

Posted by boyang at February 17, 2009 6:55 PM