Funding issues for Georgia projects

Problems are appearing with regard to plans for transport funding set out by the Georgia Department of Transportation.
February 28, 2012 Read time: 1 min
Problems are appearing with regard to plans for transport funding set out by the 3328 Georgia Department of Transportation. The body was refused a loan of US$375 million from the US Federal Government for the I-575 and I-75 toll lane projects. The projects would be worth around $1.4 billion combined and are located in Cherokee and Cobb counties. The loan would have been repaid through toll collection on the links. The loan programme through which the funds were being sought is part of the Transportation Infrastructure Finance and Innovation Act.

It has been highlighted that even with the loan, the project would still require public tax revenue worth up to $350 million, as well as toll revenue. That represents more than the whole road-widening budget provisioned by the state for the last fiscal year. In addition, the state is also looking at more toll lane projects so that metro Atlanta has a managed lane network. The cost of that to road users could be up to $7 billion.

For more information on companies in this article

Related Content

  • Saudi Arabian capital Riyadh benefiting from major transport investment
    September 9, 2013
    Saudi Arabia is undergoing a series of upgrades to its transport network in a bid to improve Traffic flow rates and boost safety - Mike Woof reports. The massive growth in the use of motor transport worldwide since the start of the 20th century has transformed every country on the planet. But perhaps no country has changed more dramatically than Saudi Arabia, the world’s leading oil producer. At the start of the 20th century Saudi Arabia’s population was small and the country had few industries while it is
    Read More
  • East Africa drives towards road tolling
    March 18, 2016
    Road tolling is increasing in East Africa as the region’s countries expand highway networks - Shem Oirere writes. The drive towards road tolling in East Africa is gaining momentum. Uganda appears to have broken ranks with its neighbours to make huge strides in achieving progress with this innovative road financing plan. Road tolling has hitherto has been held back in East Africa for lack of political goodwill and State bureaucracies. Kenyan government officials have made announcements on planned road tollin
    Read More
  • RAP extends road maintenance and construction budgets
    October 26, 2020
    As fuel tax revenue disappears in the pandemic, the city of Janesville, Wisconsin is seeing savings and performance benefits
    Read More
  • Importance of continued transportation investment
    May 2, 2012
    The US infrastructure network requires urgent attention - * T Peter Ruane. America's transportation infrastructure was once the "shining light on top of the hill." Major investments in a national highway, bridge, transit, airport, port and waterway system during the 20th century paid great dividends. The free and efficient flow of goods and people across the 50 states led to unparalleled economic expansion. The mobility and prosperity resulting from an interconnected infrastructure was a model for the world
    Read More

Highlighted Content