Gov. Mike Parson (R-Missouri) this week announced that 20 transportation infrastructure projects in Missouri will receive $50 million under the governor's transportation cost-share program.
Both the Missouri DOT (MoDOT) and the state's Department of Economic Development selected the projects with the goal of building partnerships with local entities to deliver road and bridge projects that have the greatest economic benefit to the state.
“This is an exciting opportunity for Missouri to turn infrastructure investments into workforce investments,” Gov. Parson said in a statement. “The number of applications shows that these partnerships are not only of great interest but of great benefit to Missourians. It also highlights that many unfunded transportation needs remain in our state.”
Projects awarded range from urban roadway improvements to local community projects, all of which could help support economic development.
MoDOT’s Cost-Share Committee reviewed 48 applications requesting more than $92 million to deliver $321 million in projects. The committee selected 20 applications to receive the $50 million, which will deliver $131 million in projects upon approval by the Missouri Highways and Transportation Commission in January.
The Missouri General Assembly appropriated $50 million to create the governor’s transportation cost-share program, which provides financial assistance to public and private applicants for public road and bridge construction projects. The program matches up to 50% of the construction contract costs for selected projects. Ten percent of the funds are set aside for projects that demonstrate economic development.
The selected projects will be presented to the Missouri Highways and Transportation Commission for approval in January.
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SOURCE: Office of Gov. Mike Parson
