05/08/2009 GAAS:230:09 FOR IMMEDIATE RELEASE Print Version |
Gov. Schwarzenegger Announces Groundbreaking of Largest Highway Project in the Nation Through ARRA

Over $1 Billion Project To Create 18,000 Jobs, Ease Traffic Congestion on I-405
Governor Arnold Schwarzenegger today announced the
construction groundbreaking of the largest highway project in the nation using
American Recovery and Reinvestment Act (Recovery Act) funds known to date. On
hold since 2001, the over $1 billion I-405 Sepulveda Pass Widening Project in
Los Angeles is proceeding due to the state's quick and effective implementation
of the Recovery Act. The project will utilize $190 million in state expedited
Recovery Act funding and is anticipated to create an estimated 18,000
jobs.
"We are working around the clock to effectively pump
Recovery Act money into the California economy to create jobs, move our economy
forward and in this instance - decrease traffic on the 405," said Governor
Schwarzenegger. "Today is a shining testament to the tremendous power of
teamwork and cooperation - from City Hall all the way to the White House. When
you combine California's leadership on infrastructure with President Obama's
Recovery Act, it's a recipe to put Californians back to work and rebuild our
great state."
To
this, United States Transportation Secretary Ray LaHood added, "With this
project, California continues its tradition as a national leader in
transportation improvements. America is better for the efforts that
California's leaders - and its highway workers - are doing to keep the state
moving and getting people back to work."
One of the most congested freeways in the nation, I-405
serves nearly 280,000 commuters and freight haulers daily. The project will
reduce traffic congestion by constructing 10 miles of a new bus/carpool lane
from the Santa Monica Freeway (I-10) to the Ventura Freeway (Highway
101). When completed, there will be 72 continuous miles of bus/carpool
lanes on I-405 from the San Fernando Valley to Orange County. This lane
will save more than 7 million vehicle hours of traffic delay each year.
"With today's start of the long overdue carpool lane on
the 405, we're helping goods and people keep moving in Southern California and
we're creating 18,000 jobs," said Assembly Speaker Karen Bass. "That is
definitely a win-win, and it's great to see this investment in federal stimulus
dollars pay off in putting people to work and helping relieve the infamous
congestion on this vital roadway."
SB
1026, signed by Governor Schwarzenegger in January 2006, provided the
authorization to use the design/build strategy to accelerate delivery of this
project.
Governor Schwarzenegger recently announced that
California was the first state in the nation to obligate $1 billion of Recovery
Act funding to transportation infrastructure projects - doing so over two
months ahead of federal deadline. Under the Recovery Act states were given
120 days to obligate the first half of their transportation infrastructure
funding, and California obligated this funding in less than 60 days.
California is estimated to receive a total of nearly $2.6
billion from the Recovery Act for highways and local streets and $1 billion for
transit projects through the federal government's implementation of the
Recovery Act. Discretionary programs could also add another $300 million in
funding, and California expects to be very competitive in securing a major
share of the $8 billion set aside nationally for high-speed and intercity
passenger rail.
Governor Schwarzenegger
created the California Recovery Task Force to track the American Recovery and
Reinvestment Act funding coming into the state; work with President Barack
Obama's administration; help cities, counties, non-profits, and others access
the available funding; ensure that the funding funneled through the state is
spent efficiently and effectively; and maintain a Web site that is frequently
and thoroughly updated for Californians to be able to track the stimulus
dollars.
The Task Force can be reached through its Web site, www.recovery.ca.gov,
or by telephone at (916) 322-4688.


