Governor Brian Kemp and the State Road and Tollway Authority (SRTA) Board of Directors announced on Tuesday the approval of $17.3 million in Georgia Transportation Infrastructure Bank (GTIB) loans and grants to fund seven transportation infrastructure projects across the state.
The SRTA operates tolled transportation facilities within Georgia and acts as the transportation financing arm for the State. The GTIB is a grant and low-interest loan program administered by the SRTA.
Grant and loan applications, evaluated on a competitive basis, were accepted from October 24, 2022 through January 20, 2023, according to the GTIB.
Bringing new levels of opportunity to rural Georgia includes paving the way for new infrastructure. I’m proud to announce funding for these seven transportation projects that will help create better mobility and access across Georgia.https://t.co/MutshDNime pic.twitter.com/nZltR9U8nK
— Governor Brian P. Kemp (@GovKemp) June 27, 2023
Pike County was awarded with the largest grant and loan amount out of the seven total funded projects. The awarded grants funds, $993,532, and loan approval of $4,967,660 will allow the county to “resurface one mile of Brushy Creek Road from city hall to McCranie Road” all at one time.
“Georgia is in the midst of a second industrial revolution, and as a result the need to further build out our infrastructure has never been greater,” Governor Kemp said in a statement. “Thanks to SRTA, this year we are able to fund all of the rural projects that submitted an application for this statewide program. With these substantial awards, we are paving the way for economic growth, expanded opportunities, and seamless mobility for all hardworking Georgians, regardless of their zip code. Together, we continue to build a stronger Georgia, one road at a time.”
The GTIB has awarded $200 million in grants and loans investing in projects with a combined project value exceeding $1 billion since its inception in 2010.
“Transportation infrastructure projects often entail large upfront costs. Having the options of grants and low interest loans from the state not only makes these projects more affordable but reduces the pressure on local budgets to support other important services to citizens,” SRTA Executive Director Jannine Miller added in a statement.
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Kaitlin Housler is a reporter at The Georgia Star News and The Star News Network.
Photo “Governor Kemp Announces $17.3 Million in Grants and Loans to Fund Seven Transportation Infrastructure Projects Across Georgia” by Governor Brian P. Kemp.
