Board OKs $100 million for Raleigh-area toll road.

• Author: Campbell, Colin
• Position: NC TREND >>> Public affairs

The State Board of Transportation gave the green light last month to speed the final section of the Interstate 540 loop around Raleigh.

Meeting in Topsail Beach, the board approved a request from the N.C. Turnpike Authority to provide as much as $ 100 million in advance funding for the project. Chief Financial Officer David Roy said a similar financing approach was used for the Holly Springs-to-Garner section that's under construction.

The move will allow the Turnpike Authority to begin buying land, with money that will be paid back to the state's Highway Trust Fund...