Report: State facing $6B shortfall
by Associated Press
Published: February 11,2010
JACKSON — A national transportation advocacy group says Mississippi will face a $6-billion highway funding shortfall in the next decade if Congress fails to adopt a new transportation plan.
TRIP, a national transportation research group, and lawmakers released the report yesterday at a news conference in Jackson.
The study says one-fifth of Mississippi’s major roads are deteriorated, one-quarter of the bridges are in need of repair and traffic congestion is on the rise.
The reports suggests Mississippi will need $12.5 billion from now until 2019 to keep up with its highway infrastructure needs.
The TRIP report says wear and tear on vehicles caused by neglected roadways cost each Mississippi motorist an average $394 annual operating costs.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Expert on airlines predicts Jackson-Evers will keep remaining carriers
- Keeping our eye on... Liz Lancaster
- GOP Sen. Thad Cochran to run for seventh term
- IKE TROTTER: There are primary changes in Social Security for 2014
- MAN OF STEEL: Madhu Ranade leading Severstal Columbus
- C Spire launches next phase of 1-gig service rollout
- Alcorn's finances being investigated; CFO resigns
- NEW ORLEANS SAINTS MOVING — Mississippi company has the task of moving the football team
- Hood issues opinion on open-carry gun law
- Court to hear case involving alligators and ExxonMobil