The Nevada Department of Transportation announced that approximately $21.6 million in additional federal highway spending authority has been made available for Nevada road projects through redistribution of Federal Highway Administration fiscal year-end funds.
The additional spending authority will help fund road projects throughout the state, such as enhancements to the Interstate 15 and U.S. 93 Garnet Interchange in southern Nevada, NDOT said in its annoucement.
Known as August redistribution, the FHA annually reassigns transportation funding authority from states unable to utilize the full amount of funding originally authorized to them, as well as from federal transportation grant and loan programs that were under-utilized in the current fiscal year.
The funds are then redistributed to states demonstrating projects which are ready to go and meet all federal funding requirements.
To qualify, NDOT demonstrated that it will fully utilize federal transportation funds authorized to Nevada in fiscal year 2017, as well as demonstrated current projects which fit all requirements for receiving additional federal funding redistribution.
In the last 14 years, NDOT has been able to secure more than $202 million in additional obligation authority and funds for use on vital Nevada transportation projects.
“Our priority at NDOT is to provide a transportation system that keeps Nevada safe and connected, and provide it through the most efficient and responsible use of taxpayer funds,” NDOT Director Rudy Malfabon said in a statement.
“This is a testament to the work of our NDOT financial management staff to make sure that the state continually utilizes all funding available for important transportation projects. We continue putting more federal dollars to work here in Nevada,” he said.
Information on major NDOT road projects is available at nevadadot.com
All planned state and regional road projects are available for viewing at estip.nevadadot.com