. >> thank you, representative edwards in committee, my name is john keating and the president's oldcastle materials east, today i am testifying on both oldcastle american road and transportation builders association. burst out like to express our appreciation to this committee's leadership in ensuring the american recovery and reinvestment act included a major transportation infrastructure components. thank you. and chief executive officer, doug black, and are vice president of economics told this committee last october that increased transportation infrastructure investment from economic stimulus package would be put to work quickly and produce meaningful economic benefits. today is my pleasure to report on how these commitments are being fulfilled. says of obligated 14.7 billion other recovery act, highway funds as of june 16. this amount is about five and a half billion more than required to be obligated by the june 30th deadline. we expect outlays to continue to increase as a move into the summer and fall construction seasons. furthermore, the value of new contract awards for highway