Transportation fund sets out to invest $3.9 billion

Gov. John Carney today signed a bill to establish a Transportation Infrastructure Fund (TIIF) that will support infrastructure projects throughout the state.

During the signing ceremony, Carney focused his comments on how the fund will help create good-paying jobs while making needed transportation improvements.

“This legislation is really about creating good-paying jobs for Delaware workers and their families,” said Carney. “As I said in my State of the State Address in January, TIIF will allow us to react quickly to important economic development projects that require upgrades to roads or other infrastructure. This new fund is just part of our efforts to modernize Delaware’s transportation system – and to fix roads, bridges, and potholes across our state.

Over the next six years, the fund will dole out $3.9 billion to modernize roads and bridges, improve safety, and alleviate congestion in all three counties. The Fiscal Year 2020 budget puts $10 million into the fund.

“Under Governor Carney’s leadership, DelDOT has been committed to streamlining our review process for businesses that want to locate and expand in Delaware,” said Secretary of Transportation Jennifer Cohan. TIIF is another tool in our toolbox that will assist us in attracting businesses and grow our economy.”

The Transportation Infrastructure Investment Fund Council, a nine-member council established by the legislation, will consider applications for projects and make funding recommendations to Delaware’s Transportation Secretary and the Secretary of State.

Share This Post

Post Comment