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Thursday, September 19, 2024

Georgia announces $1.5B investment in transportation infrastructure

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Governor Brian Kemp (2022-2026) | GOVERNOR BRIAN P. KEMP OFFICE of the GOVERNOR

Governor Brian Kemp (2022-2026) | GOVERNOR BRIAN P. KEMP OFFICE of the GOVERNOR

Governor Brian P. Kemp announced details of a $1.5 billion investment in Georgia's transportation infrastructure, included in the Amended Fiscal Year 2024 budget. The funding aims to advance transportation projects reviewed by the State Transportation Board and serve as a foundation for future expansion amid Georgia's job and population growth.

“Over the last few years, we've welcomed unprecedented job creation to all regions of the Peach State, and this funding will ensure our already reliable infrastructure network can meet the needs of that incredible growth,” said Governor Kemp. “I want to thank the Lt. Governor, Speaker of the House, and members of the General Assembly for their support of this generational investment as we work together to keep Georgia the best state for opportunity. In the months and years ahead, hardworking Georgians will see further improvements to the roads and bridges they drive each day."

First announced during the 2024 Legislative Session, this investment will more than double state funding to cities and counties for local transportation infrastructure, increase funding for general aviation airports, resurface more state highways, accelerate key ongoing projects, and initiate new strategic projects.

The $1.5 billion allocation includes:

- Local Roads Funding ($250 million): More than doubling state funding for local transportation investments.

- Capital Construction ($593 million): Increasing GDOT’s capital construction program by 58% to manage cost increases due to inflation and expedite existing projects.

- Capital Maintenance ($50 million): Increasing GDOT’s capital maintenance budget by 32% for highway resurfacing.

- Airport Aid ($98 million): Advancing improvements at various general aviation airports.

- Freight Program ($500 million): Funding a new program with 18 projects aimed at improving freight-carrying infrastructure.

“As the No. 1 state to build and grow a business, Georgia is not slowing down in our goal to increase economic opportunities,” said Lt. Governor Burt Jones. “Investing surplus budget funds in existing and future transportation infrastructure is critical to ensure our businesses can expand, goods and services can be transported, and our citizens arrive safely at their destinations.”

“Over the last several years, Georgia has witnessed unprecedented growth and development in every corner of the state,” said Speaker of the House Jon Burns. “This historic growth presents a significant opportunity to strengthen our roads, bridges, and economic development centers that will face increased demand.”

For more information on individual projects within this investment plan visit GDOT’s web page.

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