🚧 The Gist: Georgia Governor Brian Kemp and the State Road and Tollway Authority Board of Directors have approved $16.9 million in Georgia Transportation Infrastructure Bank loans and grants to fund five transportation infrastructure projects across the state.
🤔 Why It Matters: The funding will help improve transportation infrastructure, enhance mobility, and drive economic development in local communities throughout Georgia.
💰 Funding Breakdown:
- Peach County: $5.6 million loan and $1 million grant for the Lilly Creek Road project
- City of Watkinsville: $2,225,000 loan and $1,530,405 grant for the Simonton Bridge Road Pedestrian Improvements
- City of Locust Grove: $2 million loan and $2 million grant for the Peeksville Connector
- City of Sandy Springs: $850,000 loan and $650,000 grant for the Boylston Drive project
- Upper Westside CID: $1 million loan for the Chattahoochee Avenue Improvements Phase I
🌱 Rural Investment: The largest award, totaling $6.6 million, was given to Peach County, reflecting the state’s commitment to prioritizing investment in rural areas.
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📈 Program Impact: Since its inception in 2010, the state has awarded $216 million in grants and loans, with a combined project value exceeding $1.1 billion.
💵 Increased Funding: Starting in Fiscal Year 2025, the program’s annual funding allocation from the state legislature will increase from $13 million to $15.4 million, allowing the program to support even more local governments.
❓ Your Take: How do you think these transportation infrastructure projects will impact the communities they serve? Share your thoughts in the comments below!
