🚧 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.
📈 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!
Thom Chandler
Thom Chandler is the editor of The Georgia Sun and has been writing, editing and managing websites and blogs since 1995. He is a lifelong Georgian and one of those increasingly rare Atlanta natives.
