Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, June 17
    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

    Gold Investors Are Likely Confused

    June 16, 2026
    Investing

    Is the BoE’s hawkish stance here to stay? By Investing.com

    June 16, 2026
    Investing

    Sterling today: Pound steadies as dollar shrugs off oil sell-off ahead of FOMC By Investing.com

    June 16, 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

    Capital markets under reforms to enhance development, Ruto says

    July 2, 2025
    Property

    China reassures security of Japanese nationals, reaffirming safe business environment – World

    February 24, 2025
    Investing

    Pros And Cons Of Bond Funds In A Lower Interest Rate Environment

    October 17, 2024
    What's Hot

    Asia Investors Turn Cautious as Tariffs Hit Pharma and Tech

    September 26, 2025

    Bitcoin Price Mostly Unbothered as Mt. Gox Moves $2.8 Billion

    July 23, 2024

    Bitcoin drops 14.5% from all-time high as ‘Red October’ pressure extends into November

    November 3, 2025
    Most Popular

    The ‘stunning’ UK county where houses cost less than £100,000

    November 7, 2025

    Le Bhoutan remporte son pari Bitcoin avec une réserve qui représente désormais 40 % de son PIB

    June 27, 2025

    [Latest] Global Trade Finance Market Size/Share Worth USD

    October 31, 2024
    Editor's Picks

    Happy Dancing Turtle and Hunt Utilities Group host Aug. 8 open house – Brainerd Dispatch

    July 27, 2024

    Deckers Outdoor stock target lifted, outperform rating on strong sales By Investing.com

    October 25, 2024

    Bitcoin Treasury Companies Are Undervalued

    December 16, 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.