Why Georgia’s $1.5 Billion Transportation Investment Matters

Staff Report From Georgia CEO

Thursday, August 1st, 2024

“Over the last few years, we've welcomed unprecedented job creation to all regions of the Peach State, and this funding will ensure our already reliable infrastructure network can meet the needs of that incredible growth... In the months and years ahead, hardworking Georgians will see further improvements to the roads and bridges they drive each day.” - Governor Brian P. Kemp

Governor Brian P. Kemp has announced a transformative $1.5 billion investment in Georgia's transportation infrastructure.

Supported by Georgia’s business-friendly General Assembly, this investment more than doubles the state’s funding to cities and counties for local transportation infrastructure. It provides an increase in funding for general aviation airports, allows more state highways to be resurfaced, accelerates the completion of key transportation projects already underway, and kickstarts new strategic projects to prepare for Georgia’s future.

Why it matters: 

Economic Growth, Job Creation: This investment will not only improve Georgia’s roads and airports but also create thousands of jobs, driving economic growth across the state.

Enhanced Safety, Efficiency: By resurfacing highways and accelerating key projects, roads will be safer, reducing accidents, and making commutes and logistics corridors more efficient.

Business Appeal: With better infrastructure, Georgia becomes an even more attractive destination for businesses looking to relocate or expand, ensuring long-term economic prosperity.

Futureproofing: Strategic projects will prepare Georgia for future growth, ensuring state infrastructure can keep pace with increasing population and commercial activity.

Cost Effective: This funding will help manage higher construction costs due to federal inflation, ensuring projects are completed on time and within budget – a Georgia fiscal priority.

 

Courtesy Georgia Department of Transportation.

How will the additional $1.5 billion be spent?

Local Roads Funding ($250 million) – more than doubles State funding for every city and county for local transportation investments.

Capital Construction ($593 million) – increases Georgia Department of Transportation’s (GDOT) capital construction program by 58% to help manage cost increases due to inflation and expediting projects in GDOT’s existing pipeline of projects. Funding will help accelerate 24 projects by a total of 43 years.

Capital Maintenance ($50 million) – increases GDOT’s capital maintenance budget by 32% to resurface state highways around the state.

Airport Aid ($98 million) – advances improvements at various general aviation airports.

Freight Program ($500 million) – funds a new program that includes 18 projects devoted to freight-carrying infrastructure, which will improve efficiency, safety, and reliability for the transportation of goods across Georgia.

This investment reinforces why Georgia has been named a Top State for Business for the last decade. This funding bolsters continued investments by the award-winning GDOT. The state further supports the growth of businesses through the Georgia Center of Innovation logistics team, which helps Georgia companies leverage resources in the state to develop more efficient supply chain strategies.

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