TxDOT allocates $1.2 billion in federal stimulus funds for shovel-ready projects

March 5, 2009 at 8:31 pm

(Source: Bizjournal.com)

reality of the big cityThe federal stimulus funds, furnished through the American Recovery and Reinvestment Act, will help the state proceed with 29 construction projects throughout the state. The Texas Department of Transportation will leverage the $1.2 billion in stimulus spending to build more than $2.6 billion in new transportation projects throughout the state.

In San Antonio, the state will proceed with the construction of new interchange lanes along U.S. Highway 281 and Loop 1604. The total project will cost $140 million to build. TxDOT will combine $60 million worth of stimulus dollars with $80 million worth of existing funds to proceed with construction. TxDOT also is combining $8.1 million in stimulus funds with $4 million in existing funds to construct new roadway lanes along Loop 1604 from FM 78 to Graytown, which is located near Randolph Air Force Base.

Click here to read the entire article.