Sunday, October 10, 2010

Now's the time to invest in infrastructure, but U.S. plan is too modest


Now's the time to invest in infrastructure, but U.S. plan is too modest: "When the feds checked in on the funds, what they found shocked them. The project costs were coming in at 18 to 20 percent less than estimated. The Transportation Department then looked at the share that went to the Federal Aviation Administration for runway repairs. The money that the FAA had thought would complete 300 projects was going to finish 367 projects -- about 20 percent more than projected."

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