Post by CMF Newsman on Apr 12, 2012 13:28:41 GMT -5
Tennessee Gov. Bill Haslam and Tennessee Department of Transportation (TDOT) Commissioner John Schroer today released the 3 year transportation program, featuring approximately $1.5 billion in infrastructure investments for 96 individual project phases in 55 counties, as well as 10 statewide programs.
TDOT is one of only five state DOT's that does not borrow money to fund projects, and the program continues TDOT's "pay as you go" philosophy, carrying no debt for any transportation initiatives.
"This program balances transportation needs across Tennessee, focusing on improvements to strategic corridors, maximizing economic development opportunities, and providing key safety improvements," said Governor Haslam. "A quality transportation system is vital to our goal of making Tennessee the No. 1 location in the Southeast for high quality jobs and the continued growth of the state's economy."
The 3 year multimodal program funds improvements to the interstate system, including the addition of truck climbing lanes, ramp enhancements, and interchange reconstruction projects.
www.wrcbtv.com/story/17394256/tdot-unveils-15-billion-pay-as-you-go-transportation-plan
TDOT is one of only five state DOT's that does not borrow money to fund projects, and the program continues TDOT's "pay as you go" philosophy, carrying no debt for any transportation initiatives.
"This program balances transportation needs across Tennessee, focusing on improvements to strategic corridors, maximizing economic development opportunities, and providing key safety improvements," said Governor Haslam. "A quality transportation system is vital to our goal of making Tennessee the No. 1 location in the Southeast for high quality jobs and the continued growth of the state's economy."
The 3 year multimodal program funds improvements to the interstate system, including the addition of truck climbing lanes, ramp enhancements, and interchange reconstruction projects.
www.wrcbtv.com/story/17394256/tdot-unveils-15-billion-pay-as-you-go-transportation-plan
