The Idaho Transportation Board recently approved $ 350 million for dozens of new road construction projects across the state, expected to begin in 2022.
Many of the projects are part of the Building Idaho’s Future transportation finance solution from Idaho Governor Brad Little.
Approved projects include $ 170 million in Transportation Expansion and Congestion Mitigation (TECM) funding to upgrade Idaho State Highway 16 from its current US location on 20/26 (Chinden Blvd.) to I-84 . The Board also provided TECM funding of $ 37 million to expand US 20/26 to four lanes from Middleton Road to I-84. Both projects should be under construction next year and are expected to be linked.
In addition, the board approved projects valued at approximately $ 140 million with one-time funding from the Building Idaho Future Program and federal and state COVID aid funds. According to the Idaho Transportation division, this statewide project group is focused on critical maintenance and safety requirements for highways and bridges from Ashton in eastern Idaho to the Magic Valley and north to Wallace.
“We would like to thank the Idaho legislature and governor for one of the most significant transportation investments in the state’s history,” said Bill Moad, chairman of the Idaho Transportation Board, in a statement. “Our goal as the board of directors is to be great administrators of this funding. We will work with the department to select the projects across Idaho that will deliver the greatest return on investment in improving safety, increasing mobility and managing Idaho’s rapid growth. “
In addition to the $ 350 million construction that will begin next year, the board approved nearly $ 170 million for project development. This includes environmental planning, design and the acquisition of rights of way.
The TECM fund was increased to $ 80 million through House Bill 362, signed by Governor Little earlier this month. The Idaho transportation division will use these ongoing funds in a future Building Idaho bonding program that could raise up to $ 1.6 billion. The aim is to use the proceeds of the bond to finance important security and expansion corridors over the next six to eight years.
SOURCE: Idaho Transportation Division