Thursday, Jan. 26, 2012
Contact: Media Information Officer Edward Cartagena
Phone: (619) 688-6670
$100 Million In New Transportation Funding For Interstate 805 Express Lanes South Project
SAN DIEGO – The California Transportation Commission (CTC) yesterday allocated $347 million in new funding to 47 projects that will bolster the state’s economy and provide congestion relief for motorists statewide.
The allocations include $281 million from Proposition 1B, a transportation bond approved by voters in 2006. In total, nearly $12 billion in Proposition 1B funds have been allocated by administrative agencies for statewide transportation needs.
“We’re putting people back to work building better roads, bridges, rail, and transit for California,” said Acting Caltrans Director Malcolm Dougherty.
The remaining $66 million in allocations came from assorted transportation accounts funded by state and federal dollars.Highlights of the funding allocations include:
The Interstate 805 South Project received $100 million to build 11-miles of Express Lanes from East Palomar Street in Chula Vista to the Interstate 805/State Route 15 interchange. The project is estimated to cost $1.3 billion to complete. Funding is expected to be a combination of federal, state and local programs, including TransNet dollars. Construction is planned to begin this Fall.
Please see the attached file for more information about all projects that received allocations today.
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