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T.R.U.S.T.

ODOT receives $41.5 million loan to speed rural highway construction

Enid News & Eagle By Dustan Heistand | Gaylord News

June 7, 2022

WASHINGTON — Narrow state highways in eight counties are to be repaved and widened under a $41.5 million loan of federal funds to Oklahoma Department of Transportation.

The low interest loan to ODOT will fund nearly half of the $85.97 million needed to make nearly 35 miles of highways safer in Bryan, Caddo, Ellis, Harper, Kingfisher, McClain, Pontotoc and Pittsburg counties.

“The loan will help ODOT build more projects now and then pay them off during the next 20 years at a very favorable interest rate,” said Cody Boyd, ODOT spokesman. “With construction costs expected to continue to rapidly increase, this initiative will help deliver the safety benefits of added paved shoulders on rural two-lane highways quicker and at a lower cost to taxpayers.“


View the full article: EnidNews.com


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