Governor Bill Ritter of Colorado today has certified a second round of transportation projects to be funded through the American Recovery and Reinvestment Act, giving the OK to $194 million for 30 projects mostly in the Denver metro area.
He certified the first round of transportation funds on Tuesday, signing off on $145 million worth of projects in Colorado that will create jobs, improve safety and relieve congestion.
There are 125 structurally deficient bridges in poor condition. Forty percent of Colorado’s roads are in poor condition and one in five needs to be completely reconstructed.
â€¢ Metro North Chamber of Commerce
â€¢ Colorado Counties Inc. (CCI)
â€¢ Colorado Municipal League (CML)
â€¢ Denver Metro Chamber of Commerce (DMCC)
â€¢ Colorado Contractors Association (CCA)
â€¢ Progressive 15
â€¢ Glenwood Springs Chamber of Commerce
â€¢ Hispanic Contractors Association
â€¢ Metro Mayors Caucus
â€¢ Colorado Department of Transportation (CDOT)
â€¢ Denver Regional Council of Governments (DRCOG)
â€¢ Move Colorado
â€¢ I-70 Coalition
â€¢ Economic Development Council of Colorado (EDCC)
â€¢ Pueblo Area Chamber of Commerce
â€¢ Colorado Asphalt Pavement Association (CAPA)
â€¢ Colorado Conservation Voters
â€¢ Colorado Competitive Council (C3)
â€¢ Action 22
â€¢ Colorado Fiscal Policy Institute
â€¢ Colorado Center on Law & Policy
â€¢ City of Brighton
â€¢ City of Westminster
â€¢ Rocky Mountain Minority Contractors Association
â€¢ Pikes Peak Area Council of Governments (PPACG)
â€¢ Transit Alliance
â€¢ Colorado Retail Council
â€¢ 36 Commuting Solutions
â€¢ Colorado Concern
â€¢ Colorado Association of Transit Agencies (CASTA)
â€¢ City of Arvada
â€¢ City of Thornton
â€¢ Regional Transportation Authority (RTD)
â€¢ Colorado Environmental Coalition
â€¢ Environment Colorado
â€¢ Colorado Center on Law & Policy
â€¢ City of Winter Park
â€¢ Broomfield Economic Development Corp.
â€¢ Colorado has 125 structurally-deficient bridges rated in poor condition and many more bridges designated as functionally-obsolete. FASTER will begin the process of funding the most urgent maintenance, repairs and reconstruction.
â€¢ Colorado’s population grew by approximately 660,000 people since 2000, and is projected to grow by an additional 1 million people in the next decade. Colorado’s existing transportation system can no longer efficiently move existing — much less projected — traffic volumes, people, goods and services throughout the state.
â€¢ Like states all across the country, Colorado’s unemployment rate is rising. FASTER is projected to save and create thousands of jobs throughout Colorado.
â€¢ Colorado’s road and bridge system is in its current state of disrepair because revenues are not keeping pace with the rising costs of maintenance, repair and construction. Colorado’s 22-cent-per-gallon fuel tax, which pays for the majority of roadway maintenance, has not been increased since 1992.
â€¢ FASTER is projected to generate approximately $252 million annually for transportation improvements. The impact to the average driver will be about $2.60 a month in the first year and $3.50 a month when fully implemented in 2012.
â€¢ FASTER establishes a Statewide Bridge Enterprise that begins the process of funding maintenance and repair of Colorado’s most urgent structurally-deficient and functionally-obsolete bridges.
â€¢ Phased in over three years, the bridge fund will build toward a $100 million annual investment in bridge improvements.
â€¢ FASTER establishes a High-Performance Transportation Enterprise to encourage innovative financing strategies, including certificates of participation, public-private partnerships, operating concession agreements, user-fee financing and design/build contracting.
â€¢ At full implementation, FASTER annually allocates $150 million to state and local road-safety projects based on the existing distribution formula of 60 percent to the state, 22 percent to counties and 18 percent to municipalities.
â€¢ FASTER gives veto authority over proposed public highway user-fees by requiring 100 percent approval of federal, state and impacted local governments before establishing a highway user-fee or congestion-based tolling.
â€¢ $5 million of the funds will be allocated to the State Transit and Rail Fund proposed in SB09-94 (Williams/Levy) for grants to local governments for local transit projects.
â€¢ Allows Regional Transportation District to go to the ballot without legislative approval.
Efficiency and Accountability:
â€¢ FASTER brings private sector professional contractors, engineers and others with relevant expertise together with CDOT to form an Efficiency and Accountability Committee to identify financial and operational efficiencies within the Department.
â€¢ FASTER requires CDOT’s executive director to report annually to the legislature on Committee activities and implementation recommendations.
Daily Car Rental Fee
â€¢ Requires rental car companies to pay a $2 daily car rental fee.
â€¢ Because vehicle weight disproportionately affects road and bridge deterioration, FASTER establishes the following fee schedule according to vehicle weight. The new fees will be imposed on registrations starting July 1, 2009, and will average $41 for new registrations when fully phased in over three years.
- Less than 2,000 pounds
- 2,000 – 5,000 pounds
- 5,000 -10,000 pounds
- 10,000 – 16,000 pounds
- Greater than 16,000 pounds