Georgia > Bond Funds going to Bridges

| May 24, 2015

Transportation

ATLANTA — The Georgia Department of Transportation is putting virtually all $100 million in bonds for surface projects approved by the General Assembly this year into repairing or replacing 25 aging bridges across the state.

The State Transportation Board adopted a resolution Thursday authorizing the sale of $111.5 million in bonds representing the DOT’s total bond package for fiscal 2016.

Of that amount, legislative budget writers included $100 million in one-time bond financing in a budget line item earmarked for highway and bridge projects. While the money was not part of the nearly $900 million comprehensive transportation funding bill lawmakers passed this year, the bond money was part of the discussion throughout the debate over the larger measure.

The 25 bridges on the project list the board approved Thursday are either structurally deficient or “posted,” a term that means signs are in place limiting the weight of trucks that can cross safely over them.

“When you look at using bond money, you want something that has a good life,” Georgia Commissioner of Transportation Russell McMurry said. “A bridge is a 50-year investment.”

Georgia CEO

Albany > Car Crash Claims Two Lives
Georgia > Unemployment Stays Steady
Filed in: News, Regional News
×

Comments are closed.