Illinois Governor Pat Quinn signed House Bill 4568 into law on Tuesday, giving the Illinois Department of Transportation the go ahead to proceed with $1.6 billion worth of road, rail, and transit projects across the state.
The bill will be the next phase of Quinn's Illinois Jobs Now! program, the first phase of which was passed in 2009 and created or supported over 140,000 jobs in the state. The upcoming phase will include the issuance of $1.6 billion in bonds to pay for $817.3 million in new highway projects. Also included will be $100 million of direct funding for cities, counties, and townships to make improvements to local roads.
Fifteen Chicago Region Environmental and Transportation Efficiency (CREATE) projects and improvements to the Chicago Transit Authority's Red, Purple, and Blue lines will also be carried out, with $799.5 million of funding to be paid out during the 2013 fiscal year. CREATE projects will receive $211 million of the announced state funds, leveraging $10.4 million in federal Transportation Investments Generating Economic Recovery (TIGER IV) grants and a $136 million investment from freight railroads.
For a complete list of Illinois Jobs Now! road, rail, and transit projects, visit www.dot.state.il.us.
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