National and State Data: artbahighwaydashboard.org
WASHINGTON, November 18, 2022 /PRNewswire/ — Montana used $649.3 million in federal highway and bridge formula funds in fiscal 2022 to support 468 new improvement projects in communities throughout the first year of the Infrastructure Investment and Jobs Act (IIJA), a U.S. review State to get going data from Treasury Department 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 Montana are:
- Construction project to rehabilitate existing roads in Lewis & Clark County on multiple routes – $40.0 million
- Conversion of the existing roadway County Garfield on National Highway Route 57/Mt 200 – $25.8 million
- Refurbish existing lane in Yellowstone County on several routes – $18.1 million
- Conversion of the existing roadway Lake County on National Highway Route 5/US 93 – $18.0 million
- Required Civil Works for Future High Voltage Cable Rail Installation (Multiple counties adjacent to Interstate Route 90) – $16.4 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