Construction Reporter

  • Home
  • Services
  • Free Trial
  • Magazine
  • Become a Member
  • Reprographics (NEW)
  • Magazine Store
  • Advertising
  • Services
  • General Contractors
  • Subcontractors
  • News
  • Contact
  • FAQs
  • About
  • Affiliate Members
  • Webinar Sign-Up
  • Home
  • Services
  • Free Trial
  • Magazine
  • Become a Member
  • Reprographics (NEW)
  • Magazine Store
  • Advertising
  • Services
  • General Contractors
  • Subcontractors
  • News
  • Contact
  • FAQs
  • About
  • Affiliate Members
  • Webinar Sign-Up
Construction News

funding for new mexico road construction and maintenance advances in state legislature

2/20/2019

0 Comments

 
Picture
Around $300 million in road construction and repair projects has been approved by the New Mexico House Appropriations and Finance Committee.

The funding is part of a significantly larger $7 billion budget plan that has also won the approval of that same committee.
That legislation is now expected to be voted on by the full House. If it survives there, the bill will be sent to the Senate.

The committee budget vote represents an 11 percent increase in spending over the current fiscal year’s budget.

Money for the roads will fund project design and construction, as well as maintenance and reconstruction of state-managed highways.

The largest budget appropriation at $449 million is slated to go for such educational purposes as pay raises for teachers and enhanced pre-kindergarten programs.

Officials with the New Mexico Department of Transportation have said that any funding approved by the legislature goes directly to both heavily traveled city roads, as well as decaying rural roads.

The DOT’s regular budget is made up of a state road fund, mostly used for highway maintenance, and federal funding awards that go for construction and debt service payments.

The DOT has said that its current unfunded maintenance needs are at $344 million, which includes $276 million to rehabilitate and build roads, as well as another $50 million for bridge replacement and repair. 

By Garry Boulard

0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Get stories like these right to your inbox. Sign up for our newsletter

    Subscribe

    Archives

    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017

    Categories

    All

Home
PLANS & PRICING
Free Trial
magazine​
become a member
reprographics (new)
magazine store
FAQs
CONTACT
​ABOUT

​Construction Reporter
​
4901 Mcleod Rd NE STE 200A
Albuquerque NM 87109


​Phone: (505)-243-9793
Toll Free: (877)-292-5793
​Fax: (505)-242-4758



Timely, reliable news since 1949


Copyright © 2020 Construction Reporter
User Agreement   Privacy Policy   Archive Policy