This week, the House Transportation Committee heard testimony on the governor’s plan to issue bonds to pay for improvements to roads and bridges in Michigan. The Department of Transportation Director Paul Ajegba was on hand to provide an overview of the strategy. First called for in the State of the State, the plan, known as “Rebuilding Michigan,” will focus on the roads and bridges that are critical to the state’s economy and that have the highest traffic volumes. Additionally, the department will target key corridors and major segments of highly traveled interstate, for a total of 49 projects. The bonds will be issued over a four-year period, with an average expected term of 25 years. Director Ajegba stressed to the committee that a long-term funding source needs to be identified and approved to handle infrastructure projects and improvements in Michigan.
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