- Published: Thursday, 21 April 2011 15:29
- Written by Cement Americas News
According to a recently released Portland Cement Association Market Intelligence report, 60.6% of total American Recovery and Reinvestment Act (ARRA) highway funds have been dispersed through November, compared to 56.7% in October. November highway stimulus spending was $1.047 billion, an 11% decrease from October’s spending rate. Monthly spending levels in September were the highest level to date. Spending has averaged $1.256 billion in the last three months, down from the peak September average of $1.361 billion.