Gov. Bev Perdue Unveils New I-485 Funding Strategy
Critics say toll roads a better way to pay for construction
RALEIGH (By David N. Bass, Carolina Journal Online) — Gov. Bev Perdue announced Monday an innovative public-private partnership — the first of its kind in North Carolina history — designed to accelerate completion of the conflict-ridden Interstate 485 outer loop in Charlotte.
The new funding strategy, unveiled at a press conference by Perdue and N.C. Transportation Secretary Gene Conti, combines public and private resources to build a new interchange and connect the only unfinished portion of the highway between NC 115 and I-85. The estimated price tag is $340 million.
Supporters say the approach, known as design/build/finance, will be faster and save taxpayer dollars.
RALEIGH (By David N. Bass, Carolina Journal Online) — Gov. Bev Perdue announced Monday an innovative public-private partnership — the first of its kind in North Carolina history — designed to accelerate completion of the conflict-ridden Interstate 485 outer loop in Charlotte.
The new funding strategy, unveiled at a press conference by Perdue and N.C. Transportation Secretary Gene Conti, combines public and private resources to build a new interchange and connect the only unfinished portion of the highway between NC 115 and I-85. The estimated price tag is $340 million.
Supporters say the approach, known as design/build/finance, will be faster and save taxpayer dollars.
posted by BP News Bureau | 12:00 PM
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