By Mark Holan, editorial director, ARTBA
The Federal Highway Administration is sending $15.5 million in Surface Transportation System Funding Alternatives grants to six states that are exploring new ways to fund highway and bridge projects.
Alternative financing is seen as imperative due to the Highway Trust Fund’s gradual inability to keep pace with increasing construction and repair costs nationwide, the agency said in a release. The grants will fund seven projects to test the design, implementation and acceptance of user-based alternative revenue tools.
The six state DOTs receiving grants, and amounts, are:
- Oregon, $4.9 million (two grants)
- Washington state, $4.6 million
- Missouri, $2.7 million
- California, $1.7 million
- Delaware, $975,000
- Colorado, $500,000