During the 2016 fiscal year, the department anticipates bidding more than 100 projects at roughly $675 million in contract value.
The Connecticut Department of Transportation (DOT) released its $9.7 billion five-year Capital Plan — covering fiscal years 2016 to 2020 and including projects in all modes of transportation — highways and bridges, public transportation, ports and waterways and bicycle/pedestrian enhancements. DOT updates the plan annually detailing spending plans for 2016 and planned investments through 2020.
The DOT anticipates $2.2 billion in total Capital Program funding in federal fiscal year 2016, which began Oct. 1. This amount includes approximately $1.0 billion for bus and rail assets and $1.2 billion available for highway and bridge infrastructure. The department anticipates about $38 million in maritime funding.
During the 2016 fiscal year, the department anticipates bidding more than 100 projects at roughly $675 million in contract value. That compares to 97 new projects in 2015 valued at $515 million.
Over the five-year plan, $5.4 billion, or 56 percent is for highway and bridge projects; $4.1 billion, or 42 percent is for public transportation; $81 million, or about 1 percent maritime; and $158.8 million, or 1.6 percent, is for facilities.
“The department has leveraged state and federal resources to advance one of our largest construction programs in recent years,” said James P. Redeker, DOT commissioner. “Investment in transportation is an investment in our economy and creates thousands of jobs in Connecticut.”
Along with the Capital Program, the department is releasing a report entitled, “Optimizing the State of Connecticut: Transportation Capital Infrastructure Program, December 2015.” The report reviews the performance of the DOT in delivering capital investments. The goal, Redeker noted, is to optimize the capital funding for all its transportation modes and to improve continuously its ability to deliver maximum infrastructure improvements for each dollar expended. The department is achieving this by delivering projects on time and on or under budget. Continuously improving project delivery and using innovative construction techniques also have increased the DOT's capacity to provide the state with higher quality transportation improvements that maximize the state's return on its investment.
For more information, visit http://www.ct.gov/dot.