(Springfield, IL) — April 15, 2010. Governor Pat Quinn and Illinois Department of Transportation officials today rolled-out a $12.84 billion Multi-Year Highway Improvement Program that is expected to create an estimated 167,000 direct jobs over the next six years.
“I have made it my priority to invest in our state’s infrastructure, which will spark economic growth in local communities across the state by putting more people to work while improving public safety,” said Quinn.
The $12.84 billion program for FY 2011-2016 MYP is based upon conservative estimates of federal, state and local funding:
- $7.292 billion in federal funds
- $4.888 billion in state funds, including $142 million in bonds from Quinn’s Illinois Jump Start Capital Plan
- $2.49 billion for the Illinois Jobs Now! bond program
- $660 million in local funds.
The six-year highway improvement program includes $10.103 billion for improvements to the state highway system with $2.737 billion available for local roads.
“We are very excited about what the next few years will bring to Illinois,” said Illinois Transportation Secretary Gary Hannig.
The FY 2011-2016 Proposed Highway Improvement Program will provide funding to maintain 4,739 miles of highways and replace or rehabilitate 763 bridges.
Great news!! He can spend the money he “saves” on pension reform now, issue IOU’s to everybody else and we are all fat and happy here in the Land of LincolnPosted by Jim Sather | April 15, 2010, 10:16 AM
I doubt the happy part, but I’m certain they’ll remain fat.
David OrmsbyPosted by David Ormsby | April 15, 2010, 10:20 AM