Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, September 30
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Investing»CalTrans investing nearly $4 billion to improve travel infrastructure
    Investing

    CalTrans investing nearly $4 billion to improve travel infrastructure

    October 19, 20243 Mins Read


    The California Transportation Commission (CTC) today allocated approximately $3.8 billion for projects that will continue to refurbish the state’s transportation infrastructure, enhance safety and create more options for the traveling public. The projects will improve coastal rail lines, freight corridors, bridges, highway interchanges and system enhancements aimed to increase accessibility for multi-modal users.

    Nearly $3.5 billion of today’s investment is funded through the landmark federal Infrastructure Investment and Jobs Act of 2021 (IIJA). More than 75 percent of that allocation will be sent to approximately 600 local governments and regional transportation authorities to replace bridges, reduce travel times for commuters, address planet-warming pollution, improve highway and rail safety and efficiency and provide new transportation services. Another approximately $330 million in funding comes from Senate Bill (SB) 1, the Road Repair and Accountability Act of 2017.

    “These projects will create safer and more equitable and climate-resilient transportation options for all Californians,” said Caltrans Director Tony Tavares. “Investments made possible since IIJA was enacted are establishing a legacy that will benefit all people who use and rely on our vast transportation system for employment and educational opportunities, access to goods and services, and connection to recreational attractions.

    Among the projects approved today include improvements for locations along the coastal LOSSAN (Los Angeles-San Diego-San Luis Obispo) rail corridor, four hydrogen fueling stations near the I-215/SR-60 interchange, a freeway-to-freeway connector linking southbound SR-99 to westbound SR-58 in Bakersfield, a Class 4 bikeway in Redding and a bicycle/pedestrian overcrossing in Berkeley.

    Other projects include:

    In Los Angeles, Carson, Compton, Long Beach, Bellflower, Cerritos and Artesia, from Vermont Avenue to the Orange County line. This project will upgrade overhead signs and sign structures, rehabilitate landscaping and enhance highway worker safety. The allocation is $32.4 million.

    In and near Oxnard, from U.S. Highway 101 to State Route 118. This project will rehabilitate pavement by grinding and overlaying existing pavement, upgrade facilities to Americans with Disabilities Act (ADA) standards and install new guardrails. The allocation is $26.5 million.

    IIJA is also known as the “Bipartisan Infrastructure Law,” a once-in-a-generation investment in our nation’s infrastructure to improve the sustainability and resiliency of our country’s energy, water, broadband and transportation systems. California has received more than $46 billion in federal infrastructure funding since IIJA’s passage in November 2021. That includes investments to upgrade the state’s roads, bridges, rail, public transit, airports, electric vehicle charging network, ports and waterways. The funding alone has already created more than 87,000 jobs.

    In addition, SB 1 provides $5 billion in transportation funding annually split between the state and local agencies. Road projects progress through construction phases more quickly based on the availability of SB 1 funds, including projects that are partially funded by SB 1. Find projects that are building California’s climate-friendly future at Build.ca.gov and Rebuildca.ca.gov



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleTampa sending ‘estimated’ utility bills after back-to-back hurricanes
    Next Article Why Bitcoin Price Could Revisit $63k Before A New ATH

    Related Posts

    Investing

    DRAM Share Price & Roundhill Memory ETF Live Chart

    September 28, 2026
    Investing

    COP/USD Historical Data | Colombian Peso US Dollar

    September 28, 2026
    Investing

    Fed Rate Monitor Tool – Investing.com

    September 25, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Stock Market

    Asian stocks slip as inflation clouds Fed cuts

    August 25, 2025
    Bitcoin

    Bitcoin price live today (03 Jun 2026) – Why Bitcoin price is falling by 6.33% today

    June 2, 2026
    Bitcoin

    Most Bitcoin Still Belongs to Individuals, but Institutions Are Catching Up: Research

    August 30, 2025
    What's Hot

    Top Real Estate Investing Apps 2024: Reviews, Comparison, and Tips

    July 20, 2024

    jouer avec Bitcoin en vaut-il vraiment la peine ?

    June 9, 2025

    UK house price growth halved as Iran war fallout hits housing market | House prices

    May 8, 2026
    Most Popular

    Markets Convinced On US-Iran War Outcome: Stock Market Expert Sunil Shah After Sensex Surges Over 700 Pts

    April 27, 2026

    USA : stocks de pétrole en hausse de 1,4 million de barils

    March 12, 2025

    Des influenceuses finance invisibles? | LinkedIn

    March 27, 2025
    Editor's Picks

    Hong Kong’s women leaders drive finance talent and economic growth: Paul Chan

    November 3, 2025

    United Utilities Group PLC (LON:UU.) is favoured by institutional owners who hold 81% of the company

    October 14, 2024

    Jersey politicians agree to review property transactions

    October 1, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.