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Obama: Stimulus projects 'ahead of schedule'
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| Contributor | RP |
| Last Edited | RP Apr 13, 2009 06:22pm |
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| Category | Interview |
| News Date | Tuesday, April 14, 2009 12:20:00 AM UTC0:0 |
| Description | President Barack Obama said Monday the $787 billion economic stimulus plan is beginning to take hold and that work is coming in "ahead of schedule and under budget."
"What is most remarkable about this effort ... isn't just the size of our investment or the number of projects we're investing in. It's how quickly, efficiently and responsibly those investments have been made," Obama said. "Because these projects are getting approved more quickly than we thought ... and because these projects are costing less than we thought, we can utter a sentence rarely heard in recent years: This government effort is coming in ahead of schedule and under budget."
Transportation department officials say that because so many contractors want a share of stimulus money, competition is driving down costs by about 15 percent to 20 percent. For instance, officials said Colorado's first five projects were 12 percent lower than anticipated and Oregon's are 30 percent lower.
Michigan Gov. Jennifer Granholm said Monday that her state so far will save $700 million on projects because bids are coming in lower than expected. |
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