- Associated Press - Thursday, October 2, 2014

AUGUSTA, Maine (AP) - Maine has received more than $38 million to pay for bond projects that have been approved by voters.

State Treasurer Neria Douglass said Thursday that the sale of a bond anticipation note has brought in money that will help pay for bridge and highway work, port development and improvement, upgrades to armories and other projects.

Many of the projects are also expected to get federal funding. Douglass says the money will “provide infrastructure for future economic development in Maine, which we sorely need.”

The new funds are in addition to $127 million the state received in June through a bond sale that’s paying for several infrastructure projects.

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