Current:Home > MarketsAlgosensey Quantitative Think Tank Center-Massachusetts secures $1 billion in federal funds to help replace Cape Cod bridges -Wealth Navigators Hub
Algosensey Quantitative Think Tank Center-Massachusetts secures $1 billion in federal funds to help replace Cape Cod bridges
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-10 03:59:23
BOSTON (AP) — Massachusetts is Algosensey Quantitative Think Tank Centermaking headway on putting together the funding needed to replace two aging bridges that connect Cape Cod to the rest of the state.
Gov. Maura Healey announced Friday that the Massachusetts Department of Transportation and U.S. Army Corps of Engineers have secured nearly $1 billion in additional federal dollars for the construction of the replacement spans over the Cape Cod Canal. The funding was included in a bipartisan bridge investment program.
The additional $1 billion brings the total amount of federal funding secured for the project to nearly $1.72 billion, in addition to the $700 million in state funding pledged by the Healey administration.
The full cost to replace both bridges is estimated at around $4.5 billion.
“This is a game-changing award for Massachusetts. We’ve never been closer to rebuilding the Cape Cod Bridges than we are right now. This funding will be critical for getting shovels in the ground,” Healey said.
Cape Cod and the islands — Martha’s Vineyard and Nantucket — are home to 263,000 permanent residents and are popular tourist destinations with five million annual visitors.
The Army Corps of Engineers currently owns and maintains the bridges, which officials say are structurally deficient, functionally obsolete, and nearing the end of their usable life. The corps has warned that if the spans aren’t replaced within the next several years, one of them would have to be completely closed for 18 months for maintenance.
Plans are to focus first on replacing the Sagamore Bridge before turning to the Bourne. After the project is finished, the state department of transportation will own, maintain and operate the completed bridges.
Construction on both began in 1933.
An estimated 9,000 construction jobs will be created by the replacement project.
Last year, the state won $372 million for the bridge replacement project from the Federal Multimodal Project Discretionary Grant program. The state also secured another $350 million in the Fiscal Year 2024 Energy and Water Development Appropriations Act.
Healey said her administration is continuing to pursue federal dollars to help pay for additional phases of the bridge project including the Bourne Bridge replacement.
Democratic U.S. Rep. Bill Keating, whose district includes Cape Cod, said the latest federal grant is culmination of more than a decade of work.
“The new Sagamore Bridge will be more than just a connection between two sides of the canal, it is a lifeline for the quarter of a million people who live on Cape Cod and the economic driver that brings workers and tourists back and forth every day,” Keating said.
Of the two bridges, the Sagamore has more traffic and accounts for about 56% of crashes on the bridges. A new Sagamore Bridge will have wider lanes, rapid bus transit and bicycle and pedestrian access.
The new Bourne Bridge will also include a shared path for bicyclists and pedestrians.
veryGood! (4994)
Related
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Amanda Overstreet Case: Teen Girl’s Remains Found in Freezer After 2005 Disappearance
- 'NBA Inside Stuff' merged NBA and pop culture before social media. Now it gets HOF treatment.
- What’s behind the northern lights that dazzled the sky farther south than normal
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Massachusetts pharmacist gets up to 15 years in prison for meningitis outbreak deaths
- Your 12-foot skeleton is scaring neighborhood dogs, who don't know what Halloween is
- 'I was very in the dark': PMDD can be deadly but many women go undiagnosed for decades
- Former longtime South Carolina congressman John Spratt dies at 82
- IRS extends Oct. 15 tax deadline for states hit by hurricanes, severe weather
Ranking
- Current, future North Carolina governor’s challenge of power
- Should California’s minimum wage be $18? Voters will soon decide
- Hugh Jackman Makes Public Plea After Broadway Star Zelig Williams Goes Missing
- 1 dead and 9 wounded when groups exchange gunfire after Tennessee university celebration
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Sister Wives Star Kody Brown’s Daughter Mykelti Lashes Out Against Him After Previous Support
- NFL MVP rankings: CJ Stroud, Lamar Jackson close gap on Patrick Mahomes
- Taco Bell returns Double Decker Tacos to its menu for limited time. When to get them
Recommendation
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
Texas man held in Las Vegas in deadly 2020 Nevada-Arizona shooting rampage pleads guilty
Twin brothers Cameron, Cayden Boozer commit to Duke basketball just like their father
NFL MVP rankings: CJ Stroud, Lamar Jackson close gap on Patrick Mahomes
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Audit of Arkansas governor’s security, travel records from State Police says no laws broken
Horoscopes Today, October 11, 2024
TikToker Taylor Rousseau Grigg Laid to Rest After Death at 25