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

  • ARTBA highlights large increase in speed of DOT fund allocations
    February 19, 2013
    Federal, state and local departments of transportation (DOTs) in the United States have so far allocated US$7 billion in federal funds during the 2013 Fiscal Year (FY), according to the latest Federal Highway Administration (FHWA) data analysis by the American Road & Transportation Builders Association (ARTBA). The figure, for the year from October 1 2012, is an increase of 56% over the $4.5 billion allocated during the same time period last year. “The current obligation levels are much more in line with w
    Read More
  • Ethiopia races on with projects
    June 13, 2012
    Ethiopia is pursuing a 10-year $2.4 billion development plan, part of which are ambitious road developments. Shem Oirere reports Ethiopia is hastening its pace towards accessing a share of the East Africa commodity market and opening itself up for foreign investment through the implementation of an ambitious road development strategy, the Road Sector Development Programme (RSDP). The landlocked nation has convinced a number of international lenders of the viability of RSDP, with some of them now loosening
    Read More
  • Europe’s COVID escape route
    April 2, 2021
    The European Union’s COVID recovery budget and its NextGenerationEU programme are major opportunities for national, regional and local road authorities, says Jose Diez*.
    Read More
  • Importance of continued transportation investment
    February 27, 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