Texas Announces 10-Year, $85 Billion Plan
What’s new?
Texas Department of Transportation has announced its plan to spend $85 billion on roadways, focusing on congestion, enhanced transportation safety, and improved highways over the next 10 years. The governor gave the stamp of approval on Aug. 30.
The funds will be distributed across 12 construction categories, including, highways, international trade, maritime, aviation, and public transportation.
The 188-page document outlines the planning and development for the Unified Transportation Program, which also explains how the funds will be distributed.
“The state of Texas is working to ensure the transportation needs of our fast-growing state are met and that the safety of Texans on the roadways is protected,” Gov. Greg Abbott stated.
Abbott goes on to say, “This 10-year plan to address transportation needs statewide and dedicate $85 billion to improve roadways will be a huge boon to our state’s infrastructure and booming economy.”
TxDOT has pledged $30 million in the 2023 Unified Transportation Program to expand and repurpose rest areas with additional truck parking.
Other funds outlined in the document are $16.6 billion in preventive maintenance and rehabilitation for the existing highway system, $4.1 billion for bridge repairs, and $3.7 billion for safety projects.
Safety projects include $10.7 billion for metro and urban corridor projects, which aim to decrease highway congestion, and $12.2 billion for statewide connectivity corridor improvements for high-traffic route mobility.
“UTP reflects a continued focus on improving transportation safety as the top priority, maintaining our current system, addressing traffic congestion, and improving statewide connectivity over the next decade,” said J. Bruce Bugg Jr., TxDOT commission chair.
“Additionally, we are making significant progress in addressing congestion in our busiest parts of the state through our Texas Clear Lanes initiative, which improves top chokepoints in our largest metro areas.”
Conclusion
$85 billion is a very large amount of money and the UTP construction planning and development document goes into much greater detail about what projects are getting what funding. However, it is important to note, the document is a guide and not a commitment to getting funded, but do you know who is committed to getting you funding? Go Capital! We offer a range of funding options based on your needs. Contact us today and speak with one of our highly qualified trucking experts.
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