.

Deal, GDOT Announce 285/400 Interchange Funding Plan

To complete the funding of the I-285/Ga. 400 interchange and Ga. 400 collector-distributor projects, GDOT will utilize a public-private partnership model similar to the recent I-75 Northwest Corridor project to spread payments across several years.

Gov. Nathan Deal announced Thursday a state commitment to fully fund improvements to the I-285/Ga. 400 interchange. Credit: Perimeter Community Improvement Districts
Gov. Nathan Deal announced Thursday a state commitment to fully fund improvements to the I-285/Ga. 400 interchange. Credit: Perimeter Community Improvement Districts
From the Governor's Office

Gov. Nathan Deal announced Thursday a state commitment to fully fund improvements to the I-285/Ga. 400 interchange, a project of statewide significance.

Deal and Georgia Department of Transportation board members approved the sale of $130 million in previously authorized bonds and the use of $81.5 million in accrued state motor fuel funds to accelerate the process of reconstructing the I-285/Ga. 400 interchange.

“We are currently utilizing all the tools that the state has available — accrued motor fuel revenues, authorized bonds, Georgia’s AAA bond rating and an improving schedule of debt payments — to facilitate major transportation projects,” said Deal in a news release. “This interchange is one of the most congested intersections in the United States, and the time has come to bring much needed relief to commuters and area businesses. Improvements to the interchange will provide important economic and quality of life benefits and will expand Georgia’s role as a major logistics hub for global commerce.

“This funding plan will provide a stop gap measure that will allow us to continue working on Georgia’s transportation priorities as we wait on Washington to reauthorize the federal transportation bill.”

The nation’s current transportation authorization expires Sept. 30, but will run out of money this summer. Critical transportation projects are needed through the summer and into the fall, and this plan will allow the state to continue working on these projects. Additionally, the state needs to be ready to move as quickly as possible into the construction phase of I-285/Ga. 400 once the environmental approval occurs, currently on track for 2015. 

“When federal funds start flowing to the state again, this plan will allow Georgia to advance the 285/400 project while minimizing the impact on the existing statewide transportation plan,” Deal said in the release.

To complete the funding of the I-285/Ga. 400 interchange and Ga. 400 collector-distributor projects, GDOT will utilize a public-private partnership model similar to the recent I-75 Northwest Corridor project to spread payments across several years. 

“The department is committed to working with the governor to deliver statewide projects that have great value and impact for our citizens as early as financially possible,” said GDOT Commissioner Keith Golden. “This step allows us the opportunity to keep Georgia moving forward through vital summer construction months, supports jobs for Georgians and enhances the long term commitment to our growing transportation system.”

Brian May 17, 2014 at 11:47 PM
Deal, if you're going to do this, we also need the flyover from I-75N to I-285W.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »