Politico: Obama offers states $470M for roads, bridges

The Obama administration is making nearly half a billion dollars in unspent highway funds available to states that promise to use the money to create jobs and improve transportation.

A White House official says Transportation Secretary Ray LaHood will announce Friday that more than $470 million will be made immediately available for projects such as repairing crumbling roads and bridges. The official spoke on condition of anonymity because the plan has not been publicly announced.

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