Gov. Mike Pence directed the Indiana State Budget Agency to recently release funding for the Major Moves 2020 highway construction program.
“Roads mean jobs, and Major Moves 2020 will improve Indiana’s transportation infrastructure to enhance our position as the Crossroads of America,” said the governor. “Major Moves 2020 will put Hoosiers to work now and reinforce Indiana’s position as a national transportation hub and a global distribution powerhouse. It is one of the reasons Indiana continues to be recognized as a great place to do business.”
Speaker Brian Bosma noted, “Transferring up to $400 million to improve and expand major infrastructure in our state translates into thousands of jobs for Hoosiers. Approving this transfer could allow us to leverage federal funding. I am pleased we were able to deliver on our promise to improve Indiana’s transportation system this session while remaining fiscally responsible.”
The legislation invests $200 million in projects immediately and allows Indiana to expand heavily-traveled sections of four-lane interstates – two lanes in each direction – that are now approaching 50 years of age. Initial design-build contracts will be bid later this year for I-65 between State Road 44 near Franklin and Southport Road in Indianapolis; and I-65 in the Lafayette area from state roads 38 to 26.
Following December’s revenue forecast and budget committee review, the new law allows the state to release $200 million for additional interstate expansion projects: I-65 in the Lafayette area from state roads 26 to 25; I-69 from State Road 37 in Fishers to State Road 13 in Madison County; I-65 from Sellersburg (Exit 9) to Memphis (Exit 16) in Clark County.
The $400 million total funding invested within one year is expected to support more than 9,800 jobs for Hoosiers. Last year Pence also dedicated hundreds of millions in additional dollars for Indiana’s roads and bridges. Since 2013, under the governor’s leadership, the state has made a total of $800 million in new money available for roads and bridges, including $200 million for local governments.