Transportation infrastructure prioritized with $14.8 billion budget

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Florida Construction News staff writer

The fiscal year 2023-2024 budget prioritizes Florida’s transportation infrastructure with a historic investment of $14.8 billion for the Florida Department of Transportation (FDOT) to fund essential projects and bolster the state’s transportation network.

The Moving Florida Forward Infrastructure Initiative moves an additional $4 billion from General Revenue surplus to accelerate funding for major capacity projects, aimed at reducing congestion throughout the state.

“Florida continues to attract more residents and visitors every day, and this rapid population and tourism growth increases the demand on our transportation infrastructure,” said FDOT Secretary Jared W. Perdue, P.E. “As Florida continues to grow at unprecedented rates, the Moving Florida Forward Infrastructure Initiative provides additional opportunity to focus on priority transportation needs to be better poised for the future.”

Spending highlights:

  • $5.5 billion for highway construction to include 118 new lane miles
  • $1.6 billion in resurfacing to include 2,632 lane miles
  • $726.6 million for repairs of 65 bridges and replacement of 19 bridges
  • $149.3 million in seaport investments
  • $404.3 million in aviation investments
  • $791.3 million in rail and transit investments
  • $250.9 million for safety initiatives
  • $156.3 million for community trail projects

About 1,800 projects statewide are currently in construction or will break ground in the next fiscal year, including work at seaports and airports, rail corridors and transit projects.

For more information, visit FDOT.gov.

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