Stimulating the economy
Lt. Governor Aiona today will participate in a news conference at the State Capitol where the Administration is expected to outline the transporation projects that will be funded with Hawai`i's share of the federal money from the $787 billion American Recovery and Reinvestment Act of 2009. The state Department of Transportation has received more than $200 million from the federal stimulus package to fund "shovel-ready" highway and other projects that will begin immediately across the state.
The Obama administration wants the money spent quickly to create jobs and stimulate the economy. In the meantime, the Lingle-Aiona Administration has been focused on implementing its own five-point plan to bolster the local economy. A key component of the plan is to complete 1,521 infrastructure projects across the state that have already been budgeted and approved to start construction over the next 18 months.
The news conference is scheduled for 2:30 p.m.
