Good news down in LA. Nearly 170,000 construction jobs will be created over the next 10 years.

Robert Carlsen who does the blog Vertically Speaking over at California Construction has a recent post that is great news for the construction industry in the LA area.

Through the Department of Transportation’s Federal Highway Administration’s Transportation Infrastructure Finance and Innovation Act (TIFIA), a loan of $546 million, along with a recent TIGER II grant of $20 million, will go towards the construction of the proposed $1.9-billion, 9-mi Crenshaw/LAX light-rail extension project. Considering how desperately LA needs to expand public transportation,

The construction is part of Mayor Antonio Villaraigosa’s 30/10 plan, which was unveiled earlier this year. The plan is to condense three decades worth of transit projects into 10 years with the help of federal government loans and taxes.

Overall, the plan is supposed to create nearly 170,000 construction jobs over the 10 years.

The federal investment is expected to create 5,000 jobs, according to a study by the Los Angeles Economic Development Corp. The entire Crenshaw/LAX project will create more than 15,000 jobs, according to the mayor’s office.

I also highly advise you reading Carlsen’s blog Vertically Speaking, as it has great California specific construction news.

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