On July 19, 2011, the Georgia Department of Transportation issued a press release stating that GDOT was invited to apply for a TIFIA loan in the amount of $270 million for the Northwest Corridor Project – a project to add managed lanes along I-75 and I-575 in the metro Atlanta region with approximately $968 million in capital costs. The press release followed an announcement by Governor Nathan Deal that the procurement of the Northwest Corridor Project will proceed to the next phase through the issuance of a final Request for Proposals. Three consortia – consisting of major national ...
A recent independent report on the Georgia Department of Transportation’s West by Northwest Project indicates that the project will result in significant economic benefits to the Atlanta region and statewide. Prepared by the Fiscal Research Center at Georgia State University, the report focused on the short-term effects of the project and found:
- The project will result in an estimated 9,705 private sector jobs in Georgia (including 9,169 jobs in the Atlanta metro region) that would not otherwise exist;
- The project will generate over $528 million in additional income in the ...
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