North Carolina launched 862 transportation projects in its first year of infrastructure law, a new report shows

National and State Data: artbahighwaydashboard.org

WASHINGTON, November 18, 2022 /PRNewswire/ — North Carolina leveraged $1.7 billion in Federal Roads and Bridge Formula Funds in fiscal 2022 to spur 862 new improvement projects in communities statewide in the first year of the Infrastructure Investment and Jobs Act (IIJA), a review of U.S. Treasury Department data 09/30 shows.

“A key takeaway from the Treasury Department data is that the bipartisan infrastructure bill is working as intended for the first year, with state transportation departments disbursing funds and projects laying the groundwork,” said American Road & Transportation Builders Association (ARTBA) chief economist Dr . Alison Premo Blackwho created the report.

“The economic and livable benefits of the Infrastructure Act will become even more apparent as funding continues in the coming years,” adds the ARTBA Chairman Paula Hammonda WSP United States of America Senior Vice President. “The beneficiaries of these long-term investments will be the American travelers in their communities.”

president Joe Biden put the IIJA into effect 15th of November2021. Nearly 90 percent of IIJA’s highway funds will be distributed to states through the existing formula, with the remainder through discretionary grants and other allocated programs.

By the end of September, over 29,000 IIJA projects had been started nationwide. The five largest projects funded by formula funds in North Carolina are:

  1. Drainage, Paving, Grading, I-40 Structural Improvements from I-440/US 64 (Exit 301) to US 70 Clayton Bypass – $95.0 million
  2. Connection: Raleigh-I-440 (Cliff Benson Beltline) SR 1313 (Walnut St) SR 1728 (Wade Ave) – $75.7 million
  3. Additional lanes; I-26 From NC 146 (Long Shoals Rd) at exit 37 to I-40 – $63.1 million
  4. Improve roads along NC 143 from SR 1223 (Beech Creek Rd) to 0.5 miles north of the Appalachian Trail – $60.0 million
  5. Construction: Fayetteville – Outer loop from S of SR 1118 (Parkton Rd) to S of SR 1003 (Camden Rd) – Combines W/U-2519Aa; Outer loop from I-95 to S of SR 1118 (Parktown Rd) in Robeson County$48.4 million

To access national and state project data visit: artbahighwaydashboard.org.

Founded in 1902, the Washington, D.C-based ARTBA champions infrastructure investments and policies that meet the nation’s need for safe and efficient travel.

SOURCE American Road & Transportation Builders Association

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