State Has $2 Billion More To Spend On Roads
AUSTIN (AP) - The Texas Department of Transportation says it's found it has $2 billion more to spend on road projects than previously thought.
TxDOT finance chief James Bass tells the Austin American-Statesman credits a more optimistic assessment of available federal funds, combined with extra borrowing and lower-than-expected construction costs for ongoing projects.
He says that'll mean TxDOT districts around the state will be able to pull projects off the shelf. It's still unclear how the money will be apportioned, however.
(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
Also Check Out: