2018 state of scdot - south carolina department of ...info2.scdot.org/scdotpress/documents/2019...
TRANSCRIPT
State of SCDOTFeb 2019
Year 2 of the Phased-in 12¢ Gas Tax Increase
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Infrastructure Maintenance Trust Fund (IMTF)
New Roads Bill Revenues
“Old Money” Swept In
CTC’s Share of the Increase
$506M Deposited since July 1, 2017
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How is the Trust Fund being utilized?
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Infrastructure Maintenance Trust Fund (IMTF)
Rural Road Safety, Pavements, Bridges, Interstate Widening
Tax Credit Transfer to DOR
CTC’s Share
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$914 Million Committedto Road and Bridge Projects
$764M in Rural Road Safety, Paving, Bridges and
Interstate Work under Construction
$150M in Rural Road Safety and Bridges
in Development
Infrastructure Maintenance Trust Fund (IMTF)
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Contractors are Paid as the Work is Completed
$98 Million Paid Out since July 1, 2017
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The 10-Year Plan banks on the Infrastructure Maintenance Trust Fund,
Federal Funds and other state funds dedicated to SCDOT
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Pavements
FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027
The 10-Year Plan Investment Areas
Federal & State Funds Combined
$702 M
$160 M
$348 M
$110 M$100 M
$291 M
$138 M
$25M
MPO/COG
SafetyRural Interstate
Bridges
Interstate Upgrades
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10-Year Plan Priorities
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Projects Under Construction: Year 1
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A Historic Level of Roadwork is Underway
20182008
$3B
2014
$1B Construction Contracts
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20182008
$1.3B paid out
2014$400M paid out
Our industry partners have responded
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Interstates
Recently Approved Rural Interstate
Widening Priorities
≈$1 Billion is under Construction
Another ≈ $2 Billion expected to go to
contract in the next 12-18 months
> $3 Billion in Development
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Impact of SC Legislature
dedicating new road funding
≈$1 Billion Annually
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www.scdot.org
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Renewal of the Federal Program
How do we deal with the growth and congestion needs of the
state?
Looking Ahead
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LET ‘EM WORK,LET ‘EM LIVE