- Associated Press - Thursday, December 3, 2015

WATERVILLE, Maine (AP) - The construction of an interchange on Interstate 95 in Waterville will be the first in a new state initiative that advances the priority of proposed road work if developers help with funding.

The Portland Press Herald reports (https://bit.ly/1NH5oUp ) Maine is considering the use of both public and private money for transportation projects because of the limited federal grant money made available.

The $4.8 million interchange had been discussed by city officials and the Department of Transportation for years. It was never approved because of the lack of funding.

Rhode Island-based Trafton Properties Inc. has pledged $1.8 million to help fund the road work, matching the DOT’s contribution. The federal Economic Development Administration awarded a grant of nearly $1 million for the project.

___

Information from: Portland Press Herald, https://www.pressherald.com

LOAD COMMENTS ()

 

Click to Read More

Click to Hide