(The Center Square) — Georgia government have authorized $17.3 million in Georgia Transportation Infrastructure Bank loans and grants for seven transportation infrastructure tasks around the state.
“Transportation infrastructure projects often entail large upfront costs,” State Road and Tollway Authority Executive Director Jannine Miller mentioned in a statement. “Having the options of grants and low interest loans from the state not only makes these projects more affordable but reduces the pressure on local budgets to support other important services to citizens.”
The awards introduced on Tuesday vary from a $4.7 million mortgage for a the city middle mission in Lilburn to a $794,930 grant for a highway mission in Monroe County. Some recipients, similar to Pike County, won a grant ($993,532) and a mortgage (greater than $4.9 million).
The Buckhead Community Improvement District won a $2 million mortgage for a side road protection mission at the busy Lenox Road thoroughfare. It used to be the one recipient in the most recent tranche that wasn’t a town or a county executive.
The GTIB has awarded $200 million in grants and loans since 2010.
“With these substantial awards, we are paving the way for economic growth, expanded opportunities, and seamless mobility for all hardworking Georgians, regardless of their zip code,” Gov. Brian Kemp, a Republican, mentioned in a statement.
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