On Friday, May 12, The Central Florida Expressway Authority announced that the largest work plan in its history was approved. The board unanimously voted to adopt a five-year, $1.6 billion work plan which is expected to create over 11,000 jobs over the next five years.
The five-year plan includes:
- Widening existing expressways (approx. 40 miles)
- Resurfacing, improved roadway lighting and signs (approx. 60 miles)
- New toll collection systems and safety projects
Part of the plan is to complete the Expressway’s sections of the Wekiva Parkway, which is scheduled to be completed by Spring 2018. Also a big chuck of the budget, $230 million, will be contributed to the state for use on the I-4 Ultimate State Road 408/I-4 Interchange project.
According to bizjournal.com, “The agency plans to have its work plan projects designed, built and operational by 2022, which is the end of the new work plan. The authority’s plan also will contribute $1 billion in gross domestic product to the local economy as well as saving 32 hours annually traveling on its expressways.”
More details to come, stay tuned!