Revised funding plan announced for Interstate 69
At the request of local officials, the Arkansas Department of Transportation (ARDOT) has investigated an alternative option for the remaining Future Interstate 69 federal-aid earmarked and state matching funds. A comparison of the current funding plan to construct the western portion of the Monticello Bypass versus an alternative funding plan that would construct the route from the eastern terminus of the Monticello Bypass to Highway 65 has been evaluated based on the current purpose and need for Future Interstate 69.
Approximately $76 million in funds is available to construct the next phase of Interstate 69. The majority of these funds are Congressional “earmarked” meaning they can only be used for a specific purpose. In this case, these funds may only be used for Interstate 69.
The alternative funding scenario proposed by local officials would construct two lanes from the eastern terminus of the Monticello Bypass to Highway 65 in McGehee in lieu of constructing two lanes of the western leg of the Monticello Bypass. Funding to purchase the right of way for the ultimate four-lane Interstate facility for both segments is included in this alternative funding scenario. The eastern section of the Monticello Bypass now under construction is expected to be completed this summer and will extend from U.S. Highway 278, east of the city, to U.S. Highway 425 to the south.
“Not only would this alternative funding scenario allow freight in southeast Arkansas to move more efficiently and safely through the region, it would also provide a larger footprint for Future Interstate 69,” emphasized Commissioner Robert S. Moore, Jr. of Arkansas City.
Read more: http://www.pbcommercial.com/news/20180222/revised-funding-plan-announced-for-interstate-69