17 Contracts Totaling More Than $65 Million Awarded for Highway, Ferry Projects Across North Carolina

10/1/2009 -- Raleigh -- North Carolina Governor Bev Perdue today announced that 17 contracts totaling $65.2 million have been awarded for highway, bridge and ferry projects across North Carolina, including eight projects funded through the American Recovery and Reinvestment Act. The N.C. Department of Transportation awarded the contracts to the lowest respective bidder, as required by state law. A list of the projects is attached.

“These projects will stimulate economic growth by creating and sustaining jobs for North Carolinians while making lasting investments in our transportation system,” Perdue said.

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According to the Federal Highway Administration, every $1 million spent on transportation creates 30 jobs, and according to the construction industry, every dollar invested in transportation generates $6 in economic impact.

The eight recovery projects are located in Alamance, Alleghany, Buncombe, Caswell, Madison, Northampton, Orange and Surry counties. The nine other projects are located in Bladen, Columbus, Cumberland, Harnett, Henderson, Hyde, McDowell and Person counties. See the attached list for respective start dates.

The bids received on all 17 projects advertised came in 21.7 percent, or about $18 million, below NCDOT estimates.
For more information about funding for infrastructure improvements in North Carolina, as well as other NCDOT projects and activities, visit: www.ncdot.gov.

Source: North Carolina Governor