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California Department of Transportation
Headquarters - Sacramento
May 8, 2009
BILLION-DOLLAR TRANSPORTATION PROJECT PUMPS 18,000 JOBS INTO ECONOMY
Los Angeles –Continuing his drive to generate jobs for California, Governor Arnold Schwarzenegger today launched the start of construction on the Interstate 405 Sepulveda Pass Widening Project, a billion-dollar infrastructure project that will create 18,000 jobs.
The project is proceeding on schedule thanks to $190 million in federal economic stimulus funding from the American Recovery and Reinvestment Act (Recovery Act).
“We are moving full speed ahead during these tough economic times to get this funding into the economy to put people to work,” said Governor Schwarzenegger. “This is a very important project to bring the economy back and generate jobs.”
California is the first state in the nation to obligate $1 billion of Recovery Act funding. Under the Recovery Act, states have 120 days to obligate half of their transportation funding, and California has obligated this funding in less than 60 days – two months ahead of deadline.
I-405 is one of the most congested freeways in the nation, serving 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 the job is completed, there will be 72 continuous miles of bus/carpool lanes on I-405 from the San Fernando Valley to Orange County.
Senate Bill 1026, signed by Governor Schwarzenegger in January 2006, provided the authorization to use the design/build strategy to accelerate delivery of this project.
The California Department of Transportation (Caltrans) and the Los Angeles County Metropolitan Transportation Authority (Metro) are joint partners on the I-405 project.