Following last week’s general obligation bond sales, the California Transportation Commission (CTC) allocated $784 million this week in new funding for 61 projects that will help create thousands of jobs bolstering the state’s economic recovery - and reduce traffic congestion, repair highways and bridges, and improve safety for the motoring public. Half of that amount - $392 million is allocated to four projects in Los Angeles County.
Last week’s bond sale allowed projects that were delayed or at risk of delay due to lack of funding to move forward to construction. In addition, the bond proceeds will also fund more than 300 ongoing projects through June 2012. The ongoing and newly allocated projects leverage around $11 billion in non-state funds, giving our economy an added boost.
“These projects will allow billions of dollars to flow into construction and produce enormous economic benefits for California,” said Acting Caltrans Director Malcolm Dougherty.
Highlights of the funding allocations for Los Angeles County include:
$19.8 million to widen the Santa Ana Freeway (I-5) from the Orange County Line to the San Gabriel River Freeway (I-605);
$35.3 million to extend the Exposition Light Rail by 6.6 miles to the intersection with Olympic Boulevard in Santa Monica;
$323.6 million to lower a 1.4 mile section of Union Pacific Railroad track along the Alhambra subdivision with construction of bridges at four major intersections;
$13.5 million to extend the existing Bus Rapid Transit Metro Orange Line route four miles along Canoga Boulevard in the San Fernando Valley.
The CTC funding includes $695 million from Proposition 1B, the 2006 voter-approved transportation bond. To date, the state has allocated more than $9 billion in Proposition 1B funds.