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California Department of Transportation
Date: October 27, 2011
District: 04 - Oakland
Contact: Bob Haus
Phone: (510) 286-5576
$784 Million in New Transportation Funding to Help Create Jobs and Bolster the Economy
Oakland – 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.
Highlights of the funding allocations include:
- $11.2 million to install traffic operating systems along State Highway 82 in San Mateo County between Whipple Avenue and Interstate 380. The systems will include closed-circuit video cameras, vehicle detection devices, and improved traffic signals.
- $7.6 million to develop software, servers, network hub hardware and other Intelligent Transportation Systems that are part of the Interstate 80 Integrated Corridor Mobility Project in Alameda and Contra Costa Counties.
- $3.8 million to build new northbound and southbound auxiliary lanes on U.S. Route 101, between Embarcadero Road and University Avenue in San Mateo County.
- $1.7 million to rehabilitate 19 bridges on Highways 4, 24, 242, 80, and 680 in Contra Costa County.
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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