ROUTE 52 CA– USEWAY PROJECT PUT ON HOLD, STATE FUNDING ISSUES

All state funded roadway projects have been put on hold as a result of a lack of funds. The Department of Transportation said that the legislature failed to go through with a routine bond sale that would fund this work. According to the press release, “The Transportation Trust Fund Authority transaction involving the sale of up to $1.25 billion in bonds and the refinancing of up to $500 million in existing debt was anticipated to occur before the end of September to carry projects forward into the spring of 2011.” The Route 52 Causeway project is state funded work and is being halted with many other projects taking place throughout the state.

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