N.C. governor unveils transportation bond proposals
“Today, we are enjoying and benefiting from the investments made by our parents and grandparents,” McCrory said. “Now is the time for us to seize the moment and make the investments that will benefit North Carolinians for generations to come."
Two bond proposals worth approximately $1.5 billion each for roads and infrastructure would go before the voters for approval in October or November under legislation that was filed in the General Assembly last week.
The proposed bonds would allocate funding according to the North Carolina Department of Transportation's (NCDOT) Strategic Mobility Formula to pay for 27 permit-ready highway projects and would pay for the paving of 176 unpaved secondary roads.
“Transportation is the backbone of our economy, and I thank Governor McCrory for proposing these bonds to help us invest in more projects that will better connect small towns to economic centers and support the continued prosperity of our state,” NCDOT Secretary Tony Tata said. “The new Strategic Mobility Formula is allowing us to more efficiently invest our transportation dollars, and these bonds will enable us to further extend its benefits.”