Nearly $113M allotted for I-49 expansion
POSTED: Thursday, December 19, 2013 - 5:47am
UPDATED: Thursday, December 19, 2013 - 11:01am
BATON ROUGE, LA (NBC33) — Commissioner Kristy Nichols announced on Wednesday that nearly $113M will be used to finance the I-49 North and South extensions.
These funds became available on Wednesday, Dec. 18, through the sale of tax-exempt bonds supported by the Unclaimed Property Leverage Fund.
“The economic impact of this project will continue to aid growth in this state for a very long time,” said Commissioner Nichols. “I’m thrilled to be able to move forward with these projects.”
The Northern expansion from I-220 in Shreveport to the LA/AR border will receive $89.5M. Nearly $20M will go to the Southern expansion, which goes from 1-10 in Lafayette to the West Bank Expressway in New Orleans.
“We recognize the importance of the I-49 corridor and look forward to the continued progress of this project,” said Sherri H. LeBas, Secretary of DOTD.