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CG/LA Infrastructure's InfraBlog

Infrastructure Bank To Consider SC Road Projects

110819104755_road-work

7:33 AM, Aug 7, 2013

COLUMBIA, S.C. (AP) – A board that loans money for major South Carolina road construction is expected to review and decide whether to support a list of seven interstate widening projects.

South Carolina Department of Transportation commissioners approved the list last month and are asking the State Infrastructure Bank to do the same.

The seven projects cost a combined $1.7 billion. All but one of them is in the Upstate and Midlands. The projects will be eligible for a significant amount of federal money.

The action comes just weeks after lawmakers approved a bill that used a combination of borrowing, new revenue from growth and reallocated sales taxes from vehicles to raise up to $1 billion for the state’s roads and bridges over the next 10 years.

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Taken from WLTX: http://www.wltx.com/news/article/245197/2/Infrastructure-Bank-To-Consider-SC-Road-Projects

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