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California Department of Transportation
Date: October 27, 2011
District: 3 Marysville
Contact: Mark Dinger
Phone: (530) 741-4572
$784 Million in New Transportation Funding to Help Create Jobs and Bolster the Economy
MARYSVILLE – 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.
Some of the notable projects in this region that received funding include:
- In Placer County, $20 million for phase two of the Lincoln bypass, which will widen from two to four lanes 4.7 miles of State Highway 65 between Nelson Lane and West Wise Road.
- In Sacramento County, $2.7 million for phase two of the Folsom Boulevard project aimed at improving pedestrian access between Regional Transit bus stops and the Mather/Mills Light Rail Station. Folsom Boulevard in Rancho Cordova will be widened between Rod Beaudry Drive and Mather Field Road and sidewalks and bike lanes will be installed.
- In Sacramento County, $7.2 million for phase two of the South Sacramento Corridor project to build a new five-level parking structure creating 2,000 new parking spaces at the Cosumnes River College campus.
- In Nevada County, $144,000 for road slurry seal covering approximately 40 miles of roadways maintained by the Town of Truckee.
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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