CARSON CITY – The Nevada Department of Transportation has announced that $46.8 million in additional federal highway spending authority has been made available for Nevada road projects through redistribution of Federal Highway Administration (FHWA) fiscal year-end funds. It is the largest amount of such funds received by Nevada in a single year.
The additional federal spending authority will help fund upgrades to the I-15/215 northern beltway interchange and widening of CC 215 in Clark County. The funding also helps continue to fund certain road projects throughout the state by offsetting a portion of state transportation funding deficits created by a pandemic-related reduction in travel and gasoline tax revenue.
Known as August Redistribution, the FHWA annually reassigns transportation funding authority from states unable to utilize the full amount of funding originally authorized to them, as well as from federal transportation grant and loan programs that were underutilized in the current fiscal year. The funds are then redistributed to states demonstrating projects which are ready-to-go and meet all federal funding requirements. To qualify, NDOT demonstrated that it will fully utilize federal transportation funds authorized to Nevada in fiscal year 2020, as well as demonstrated current projects which fit all requirements for receiving additional federal funding redistribution.
“In the last 17 years, we have brought more than $290 million in additional federal funding obligation home for vital Nevada transportation projects,” NDOT Director Kristina Swallow explained.
“This is about putting more federal dollars to work here in Nevada, and I thank our financial management staff for ensuring that the state continually utilizes all funding available for important transportation projects.”