Thursday, May 15, 2014

Gov. Nathan Deal speaks at State Farm groundbreaking ceremony in Dunwoody and announces commitment to fully fund improvements to the I-285/Ga. 400 interchange.

Gov. Nathan Deal today announced a state commitment to fully fund improvements to the I-285/Ga. 400 interchange, a project of statewide significance. Deal and Georgia Department of Transportation board members approved the sale of $130 million in previously authorized bonds and the use of $81.5 million in accrued state motor fuel funds to accelerate the process of reconstructing the I-285/Ga. 400 interchange.

“We are currently utilizing all the tools that the state has available — accrued motor fuel revenues, authorized bonds, Georgia’s AAA bond rating and an improving schedule of debt payments — to facilitate major transportation projects,” said Deal. “This interchange is one of the most congested intersections in the United States, and the time has come to bring much needed relief to commuters and area businesses. Improvements to the interchange will provide important economic and quality of life benefits and will expand Georgia’s role as a major logistics hub for global commerce.

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