U.S. 54 expansion makes list debut, Louisiana bridge still in contention
The Missouri Department of Transportation released Monday the construction cost of each of the projects included in the draft list of the transportation improvements that would be funded through the proposed Constitutional Amendment 7.
If passed by voters on Aug. 5, the amendment would create a 3/4 of a cent sales tax with revenues being used to fund transportation improvements across the state.
The tax would generate an estimated $5.39 billion, with $4.8 billion being used by MoDOT solely for transportation infrastructure improvements. The Department of Revenue would retain an estimated 50 million to pay for the collection of the sales tax. Missouri cities and counties would receive a combined 540 million to fund local transportation projects.
The Missouri Highway and Transportation Commission will finalize the draft list at its Wednesday meeting in Jefferson City. The Times will publish the finalized list in next week’s edition.
The transportation agency’s cost estimates include the cost of construction, engineering fees, any necessary utility relocation, and the rate of inflation.
The most expensive project in the state is the expansion of Interstate 70 from four lanes to six lanes throughout the state. Cost estimates provided by the transportation agency for the project are over $823 million, making it the most expensive project in the state. According to a July 7 Associated Press article, the project may see additional funding through the sale of bonds.