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June 10, 2014

Grady County awarded infrastructure money

CAIRO — Gov. Nathan Deal announced the approval of funding for 20 transportation infrastructure projects totaling $33 million in grants and loans provided through the Georgia Transportation Infrastructure Bank (GTIB). Eighteen governments and CIDs will receive GTIB grant and loan funding for nearly $100 million in total project value.

Among the counties that received the funding was Grady County for Tired Creek Lake Roadway improvements.

Gainous Road, Cedar Springs Road and State Park Road will be realigned and upgraded to better accommodate water flow and prevent flooding after the completion of damming that will create “Tired Creek Lake,” a recreation lake currently under construction.

State Park Road will be upgraded with 1.4 miles of pavement and a properly sized cross drain, and a pre-stressed concrete bridge will be installed on Gainous Road to provide adequate space for water flows underneath. The GTIB grant award is $1,200,000.

This funding cycle represents the largest funding cycle for the GTIB program since its inception. The GTIB program is a revolving infrastructure investment fund established in 2008 by Georgia legislators and administered by the State Road and Tollway Authority (SRTA).

“The GTIB program is an important resource for community improvement districts and local governments seeking supplemental funding needed to move vital transportation projects forward,” Deal said. “The projects receiving awards today will not only enhance mobility in local communities, they will also keep Georgia’s business engine moving by improving access to retail and job centers throughout the state.”

Community improvement districts (CIDs), as well as local and state government entities are eligible for GTIB grant and loan funding. Final approval is made by the SRTA Board which is chaired by Deal.

This year, a record number of governments and CIDs applied for funds to jump-start or complete 58 new projects. The awardees include: cities/towns — Atlanta, Braselton, Dunwoody, Flowery Branch, Gainesville, Johns Creek, Newnan, Sandy Springs and Tyrone; CIDs — Cumberland, Fulton Industrial, Boulevard, Gwinnett Place, North Fulton, Red Top and Town Center Area; and counties — Athens-Clarke, Bartow and Grady.

“To date, the GTIB program has provided more than $500 million in funding to jump-start or complete transportation projects with a total value of more than $200 million,” said SRTA Executive Director Chris Tomlinson. “The increasing number of GTIB applicants illustrates the state’s commitment to partner with local communities and advance much needed transportation infrastructure improvements. SRTA is proud to assist in speeding up these impactful projects.”

Grant applications were ranked based on transporation/engineering merit, economic merit, local, state and federal matching funds and project specifics, such as the project phases and feasibility. Loan applications are evaluated based on borrower type, project type and loan spend down/repayment abilities, in addition to the merits of the project itself.

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