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News » US » Indiana to spend an extra $1bn on infrastructure » published 6 Sep 2018

Indiana to spend an extra $1bn on infrastructure

Indiana’s spending plan for 2019 allocates US$1bn in new investment for infrastructure projects.

Initiatives in the Next Level Connections program announced by Governor Eric Holcomb include moving up the completion of major highway projects and growing the state’s systems of trails. The state will also continue to pursue building a new fourth water port at Lawrenceburg and expanding rail projects in northwest Indiana. In addition, the program makes provision for an expansion of broadband services in rural areas and the creation of more non-stop international flights.

“Today we’re sending a big message to the world that Indiana is making a huge investment in our quality of life and for those who aspire to join us,” said Holcomb. “We are linking Hoosiers to each other and to the world.”

Specific funding promises include using US$90m to link communities through more hiking, biking and riding trails; accelerating completion of the US$600m I-69 Section 6 from 2027 to 2024; allocating US$190m to add new interchanges on US 31 and expand the number of projects on US 20 and 30,

The Indiana Finance Authority will amend its agreement with the Indiana Toll Road Concession Company (ITRCC), which operates the Indiana Toll Road, to allow ITRCC to increase the toll rates for heavy vehicles by 35%, beginning in October. The US$1bn in proceeds from the amended ITRCC agreement will be used to fund planned road projects in the seven Toll Road counties, which will free up INDOT resources to be directed to the Next Level Connections program.

 

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This article was published on 6 Sep 2018 (last updated on 10 Sep 2018).

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