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Friday, April 13, 2007

MODOT EXPECTS $18 BILLION FUNDING GAP IN 20 YEARS

Missourian Department of Transportation Director Pete Rahn on April 11 said that over the next 20 years the state is expected to have nearly $37.4 billion in transportation needs but only $19 billion in expected revenue. Rahn made his comment during discussion of MoDOT’s long-range transportation plan before the State Highways and Transportation Commission.
According to The Associated Press, long-range plan anticipates that over the next 20 years MoDOT will need $16.3 billion to expand the state highway system, $11.8 billion to maintain existing roads, $4 billion for public transportation, $3.5 for bridge maintenance, $1 billion for passenger rail, $710 million for airports and $60 million for river ports.

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