Concord Reaches Agreement on 100-Year-Old Bridge Project

The deal will allow Concord to build the new bridge and eventually be reimbursed as promised by the federal government.

📅   Wed May 20, 2015 - Northeast Edition
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Image courtesy of Wikipedia.  Officials say funding is in place for the long-awaited demolition and replacement of Concord’s 100-year-old Sewalls Falls Bridge.
Image courtesy of Wikipedia. Officials say funding is in place for the long-awaited demolition and replacement of Concord’s 100-year-old Sewalls Falls Bridge.

CONCORD, N.H. (AP) Officials say funding is in place for the long-awaited demolition and replacement of Concord’s 100-year-old Sewalls Falls Bridge.

The Concord Monitor reported City Manager Tom Aspell and the New Hampshire Department of Transportation came to an agreement over stalled funding for the project May 11. The deal will allow Concord to build the new bridge and eventually be reimbursed as promised by the federal government.

A grant from the federal Highway Trust Fund will pay $10 million. That’s 80 percent of the cost. The city will pay the remaining 20 percent.

The state will immediately allocate $5.5 million of the federal grant to cover work scheduled for 2015.

For 2016 and beyond, the city can finish construction and spend the remaining $4.5 million, which will be reimbursed.