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MDOT Releases Record $19.9 Billion Draft Six-Year Capital Budget Plan

The Maryland Department of Transportation (MDOT) released its Draft Consolidated Transportation Program (CTP) for fiscal years 2023 to 2028, outlining a record $19.9 billion six-year investment to replace and repair aging infrastructure, expand transit opportunities, assist Maryland’s economic recovery and preserve and expand the state’s transportation network. The Draft FY 2023-2028 CTP is nearly $2.2 billion more than the $17.7 billion Final FY 2022-2027 CTP released in January. That increase is the result of factors including $1.3 billion in additional federal formula funds from the bipartisan Infrastructure Investment and Jobs Act (IIJA) passed by Congress last fall, as well as improved post-pandemic revenue estimates and an increased share of state corporate income tax revenue allocated to MDOT. “This draft plan is Maryland’s largest transportation budget ever, and it continues our commitment to create opportunities for all Marylanders through a transportation network that’s safe, reliable, accessible and equitable for all,” said MDOT Secretary James F. Ports, Jr. “The $2.2 billion increase will deliver priority projects in every county and Baltimore City and provide hundreds of millions of dollars more in Highway User Revenues to local jurisdictions. While the infusion of IIJA funds is helpful, it is important to remember that the […]

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