Managing risk on the road to recovery

On February 17, 2009, in the midst of the worst worldwide economic crisis since the Great Depression, President Barack Obama signed the landmark American Recovery and Reinvestment Act of 2009 (Recovery Act, illustration 1). From day one, the Recovery Act meant jump-starting the economy, putting Americans back to work, and creating the infrastructure to help the American economy thrive well into the 21st century. For the U.S. highway sector, Recovery Act implementation also meant obligating 27.5 billion USD in less than 2 years for infrastructure investment, with 26.6 billion USD of that funding dedicated to road, highway, and bridge projects.