National and State-by-State Data: artbahighwaydashboard.org
WASHINGTON, Nov. 18, 2022 /PRNewswire/ — New Mexico leveraged $511.7 million in federal highway and bridge formula funds in FY 2022 to help jumpstart 341 new improvement projects in communities across the state during the first year of the Infrastructure Investment and Jobs Act (IIJA), a review of U.S. Treasury Department data through September 30 shows.
“A key takeaway from the Treasury data is that the bipartisan infrastructure law is working in year-one as intended, with state transportation departments disbursing funds and projects breaking ground,” said American Road & Transportation Builders Association (ARTBA) Chief Economist Dr. Alison Premo Black, who prepared the report.
“The economic and quality of life benefits of the infrastructure law will become even more apparent as funding continues in coming years,” adds ARTBA Chair Paula Hammond, a WSP USA senior vice president. “The beneficiaries of these long-term investments will be the American traveling public in their communities.”
President Joe Biden signed the IIJA into law Nov. 15, 2021. Nearly 90 percent of IIJA’s highway funds are dispersed by existing formula to states, with the remainder distributed through discretionary grant awards and other allocated programs.
Nationally, over 29,000 IIJA projects were launched through the end of September. The five largest projects supported by formula funds in New Mexico are:
- Widen NM 404 from I-10 to NM 213 from 2 Lanes to 4 Lanes – $25.3 million
- I-10 Pavement Rehabilitation – $20.6 million
- US 550 Major Rehabilitation – $16.8 million
- District 3 Pavement Preservation – I-40 West of Coors – $16.4 million
- US 285 Corridor Construction Phase IV – $15.8 million
To access national and state project data, visit: artbahighwaydashboard.org.
Established in 1902, the Washington, D.C.-based ARTBA advocates for infrastructure investment and policy that meet the nation’s need for safe and efficient travel.
SOURCE American Road & Transportation Builders Association
