The state Department of Transportation has released its five-year capital spending plan that calls for $9.7 billion in spending. Spending will increase sharply in the 2016 fiscal year.
According to a DOT statement, during the 2016 fiscal year, the department anticipates bidding more than 100 projects at roughly $675 million in contract value. That compares to 97 new projects in 2015 valued at $515 million. Spending covers projects in all modes of transportation – highways and bridges, public transportation, ports and waterways and bicycle/pedestrian enhancements.
Over the five-year plan, $5.4 billion, or 56 percent is for highway and bridge projects;$4.1 billion, or 42 percent, is for public transportation; $81 million, or about 1 percent, maritime; and $158.8 million, or 1.6 percent, is for facilities.
The DOT anticipates $2.2 billion in total capital program funding in federal fiscal year 2016, which began Oct. 1. This amount includes approximately $1 billion for bus and rail assets and $1.2 billion available for highway and bridge infrastructure. The department anticipates about $38 million in maritime funding.
“The department has leveraged state and federal resources to advance one of our largest construction programs in recent years,” said DOT Commissioner James P. Redeker in a statement.
