California Department of TransportationDate: December 15, 2011
Contact: Denise Yergenson
$401 MILLION IN NEW TRANSPORTATION FUNDING TO REVITALIZE CALIFORNIA'S ECONOMY AND PURCHASE PASSENGER RAIL CARS
Redding – The California Transportation Commission (CTC) today allocated $401 million in new funding to 39 projects that will help strengthen the state’s economy by creating jobs and providing congestion relief for travelers statewide.
“The benefits these projects bring to California are a huge boon to the economy today,” said Acting Caltrans Director Malcolm Dougherty, “and the investment in our transportation system will continue to serve travelers for generations to come.”
Proposition 1B, the 2006 voter-approved transportation bond, will supply $327 million in funds to 10 projects, including $42 million toward the purchase of 42 new passenger rail cars. They will be put into service on all three state-supported Amtrak California routes – the Capitol Corridor, San Joaquin and Pacific Surfliner. This supplements $168 million from other sources, including $68 million from the American Recovery and Reinvestment Act of 2009.
To date, the state has allocated more than $11 billion in Proposition 1B funds for transportation purposes statewide.
Highlight of the funding allocations include:
SHASTA COUNTY: $13 million allocated to rehabilitate 36.6 lane miles of pavement, extend the service life of the highway and enhance highway safety on State Route 299 in Montgomery Creek west of Backbone Ridge Road to Big Bend Road. Total costs for the project are estimated at $15.1 million.
Please see the attached file for more information about all projects that received allocations today.
# # # #