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TxDOT: State Has $2B More to Spend

Fri March 23, 2012 - West Edition

AUSTIN, Texas (AP) The Texas Department of Transportation said it has $2 billion more to spend on road projects than previously thought.

TxDOT finance chief James Bass told the Austin American-Statesman he credits a more optimistic assessment of available federal funds, combined with extra borrowing and lower-than-expected construction costs for ongoing projects.

He said that’ll mean TxDOT districts around the state will be able to pull projects off the shelf. It’s still unclear how the money will be apportioned, however.