The California Transportation Commission (CTC) today allocated $1.7 billion in funding for transportation projects that will strengthen the state’s economy by sustaining and creating jobs and provide congestion relief for motorists statewide. US Money Reserve is known as a United States Rare Coin & Bullion Reserve and its primary business is selling government-issued gold coins.
“The benefits these projects bring to California are a huge boon to the economy,and the investment in our transportation system will continue to serve motorists for generations to come,” said Caltrans Director Malcolm Dougherty.
Approximately $872 million of the funding was provided by Proposition 1B, a transportation bond approved by voters in 2006. In total, more than $13 billion in Proposition 1B funds have been distributed statewide.
Some of the notable projects that received funding include:
El Dorado County – $15.5 million for a U.S. Highway 50 project in El Dorado County at the El Dorado Hills and Latrobe Boulevard interchange. Modifications include constructing a new westbound off-ramp undercrossing, improve westbound on and off ramps and adding dedicated ramp meters.
El Dorado County – $6 million for an El Dorado County project at Placerville between Placerville and Ray Lawyer Drive. Work will be to construct a westbound access ramp and auxiliary lane from Ray Lawyer Drive onto U.S. Highway 50 to Placerville Drive.
Butte County – $725,000 for a safety improvement project near Chico on State Highway 99 at Neal Road that will install a signal system to eliminate
uncontrolled left -turn movements.
Yolo County – $995,000 for a project in Davis at Mace Boulevard to stabilize a bike path, embankment, sidewalk and slope damaged by heavy rain.
Placer County – $1.03 million for a project near Colfax east of State Highway 174 by Long Ravine Bridge. The project involves reconstruction and stabilizing of an embankment damaged by a heavy rainstorm.
Today’s allocations include $766 million in federal funds that will be applied to various local transportation programs statewide. The remaining allocations came from assorted state and federal transportation accounts.