Transportation projects selected for state’s cost-share program
JEFFERSON CITY, Mo. (KMIZ)
The Missouri Highways and Transportation Commission on Wednesday approved the funding of 28 local transportation projects using $75 million in budget stabilization funds under the state’s Transportation Cost-Share Program.
The Missouri Department of Transportation and Missouri Department of Economic Development selected the projects with the goal of building partnerships with local entities to deliver road and bridge projects that have the greatest economic benefit to the state.
“Our Transportation Cost-Share program provides an innovative opportunity to leverage public and private investments to strengthen Missouri’s infrastructure and boost workforce development across our state,” Gov. Mike Parson said in a press release. “The number of applications demonstrates that these partnerships are not only of great interest but of great benefit to Missourians. While there are many unfunded transportation needs remaining across our state, we’ve come a long way and are committed to doing more.”
Projects awarded include road and bridge projects across the state including urban areas and small towns, all of which support economic development.
There were 41 applications reviewed, which requested more than $150.4 million. Five applications did not meet program guidelines. The committee selected 28 applications to receive the $75 million, which will deliver $176 million in projects.
