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CTC allocates $236 million to drive state’s economic growth and improve transportation
Posted By Staff Report On October 1, 2012 @ 10:17 am In Aggbeat Online | No Comments
The California Transportation Commission (CTC) allocated $236 million in new funding to 32 projects that Caltrans says will improve the state’s transportation system and strengthen California’s economy.
“From one end of the state to the other, transportation projects are providing jobs, while at the same time reducing traffic congestion for people and businesses in California,” said Caltrans Director Malcolm Dougherty.
The allocations include $81 million from Proposition 1B, a transportation bond approved by voters in 2006. In total, nearly $14.5 billion in Proposition 1B funds have been distributed statewide.
The remaining $155 million in allocations came from assorted transportation accounts funded by state and federal dollars.
Among the projects that received funding allocations were:
The CTC also redistributed $21 million in federal funding to 22 alternate projects chosen by transportation agencies statewide. The funding comes from $43 million that was originally allocated to other transportation projects but was not spent. The outstanding $22 million in unspent funding will remain with the original projects and must be authorized by December 31.
For more information about the alternate projects that received redistributed funds and the projects that received allocations, click here .
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 click here: http://www.dot.ca.gov/hq/paffairs/news/pressrel/pressrelctc_09-2012.pdf
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