California receives $136 million in redistributed federal transportation funds
Staff Report | October 4, 2012
The Federal Highway Administration (FHWA) has redistributed $136 million in funding to California, Caltrans announced Oct. 2. The funding was originally allocated to other states, but was not spent, and because California successfully demonstrated that it can deliver transportation projects, the state will benefit, according to Caltrans.
“This funding will not only help pay for projects that relieve the traffic congestion that clogs our freeways – it will create jobs and help stimulate California’s economy,” said Caltrans Director Malcolm Dougherty in a press release.
Caltrans and regional agencies worked together and allocated $83 million of the funding to 17 Caltrans projects. Regional and local projects received $53 million, which was distributed to eight regions: Butte, Orange, Sacramento, San Diego, the Bay Area, San Joaquin, Stanislaus, and Imperial. These regions were selected because they were ahead of schedule in project delivery and can put the money to use immediately.
Each year, the FHWA redistributes unspent federal funding. This year, $1.4 billion was handed out nationwide, and California’s share was by far the largest.
For information about the Caltrans projects that collected funding, please see the attached file. The list of local and regional projects is expected to be finalized by mid-October.
MORE FROM Economics
- 5 Options for Avoiding Highway Trust Fund Insolvency482 Views
- Boxer outlines Senate priorities for long-term surface transportation bill397 Views
- Sen. Murray warns Highway Trust Fund insolvency 'threat is growing'396 Views
- Foxx: Insolvent transportation system could cost 700k jobs373 Views
- VIDEO: Watch these crews slide a half-mile, 30 million-pound bridge into place over the Ohio River321 Views