NEW FUNDING SOURCE SPEEDS UP NCDOT PROJECTS.

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

Thanks to the legislature's decision to shift revenue from the sales tax to fund transportation needs, the N.C. Department of Transportation has had to revise its long-range plan for construction projects. Essentially, the infusion of $628 million per year by 2025 will mean more projects get done this decade, and many of them will get moving faster.

The State Board of Transportation got an update recently on the long-range plan, known as the State Transportation Improvement Plan, or STIP. DOT is in the process of developing a plan that will cover 2024-2033.

STIP manager Leigh Wing told the board that the legislature's funding change will mean about $5 billion in revenue over the 10year period covered by the plan. DOT plans to reserve nearly a billion dollars of that money for expected cost...