California Department of Transportation
Date: October 27, 2011
Contact: Jose Camarena
$784 Million in New Transportation Funding to Help Create Jobs and Bolster the Economy
Fresno – Following last week’s announcement of the general obligation bond sales, the California Transportation Commission (CTC) today allocated $784 million in new funding for 61 projects that will help create thousands of jobs bolstering the state’s economic recovery - and reduce traffic congestion, repair highways and bridges, and make driving safer for everyone.
Last week’s bond sale allowed projects that were delayed or at risk of delay due to lack of funding to move forward to construction. In addition, the bond proceeds will also fund more than 300 ongoing projects through June 2012. The ongoing and newly allocated projects leverage around $11 billion in non-state funds, giving our economy an added boost.
“These projects will allow billions of dollars to flow into construction and produce enormous economic benefits for California,” said Acting Caltrans Director Malcolm Dougherty.
Highlights of the funding allocations include:
- Allocation of $2.1million to the Council of Fresno County Governments for a Traffic Light Synchronization Program in Fresno on Shaw Avenue designed to decrease delays and travel times during peak commute hours.
- Allocation of $300,000 to the Council of Fresno County Governments for a safety improvement project in the city of Clovis, on Bullard Avenue and Locan Avenue.
The CTC funding today includes $695 million from Proposition 1B, the 2006 voter-approved transportation bond. To date, the state has allocated more than $9 billion in Proposition 1B funds.
Please see the attached file for more information about all projects that received allocations today.
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