WASHINGTON (Reuters) - President Barack Obama said Monday that thousands of major infrastructure projects being undertaken as part of his economic stimulus plan were ahead of schedule and under budget.
Obama, who plans to deliver what the White House called a "major" speech on the economy Tuesday, said 2,000 new projects to rebuild U.S. highways and bridges already had been approved under the $787 billion stimulus plan that became law in February.
That plan provided $48 billion to the Transportation Department for infrastructure improvements, including $28 billion for road projects.
"By the end of next year our investment in highway projects alone will create or save 150,000 jobs, most of them in the private sector," Obama said during an appearance at the Transportation Department to plug his plan.
"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 is how quickly, efficiently and responsibly those investments have been made," Obama said.
"This government effort is coming in ahead of schedule and under budget," he said.
http://www.talkingpointsmemo.com/news/2009/04/obama_says_stimulus_projects_under_budget.php
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