PHOENIX — The state’s transportation board is approving the Arizona Department of Transportation’s 2050 long-term transportation plan.
The official approval came on on Friday.
The plan is a set of transportation investment priorities for ADOT, not a set of project-specific ideas.
The plan also provides information on funding for future projects.
“Our statewide transportation needs through 2050 are $231.4 billion, while our projected revenues are $69.1 billion – a gap of $162.3 billion,” writes ADOT Director Jennifer Toth in the report. “This gap has continued to widen since the last LRTP was developed, due in part to large increases in construction costs from inflation.”
How was the plan put together?
Nearly 10,000 Arizonians had input on the plan, authorities from ADOT said. Residents spoke during public meetings, which helped t …
See the full article on Arizona’s economic indicators, or, read more Arizona real estate investing news. Take your pick!
