Atlanta, Georgia – Governor Brian Kemp and the State Road and Tollway Authority (SRTA) announced a new round of funding that will significantly boost transportation in Georgia. The Georgia Transportation Infrastructure Bank (GTIB) has given out a total of $26.5 million in grants and loans to help 13 projects that will make roads, bridges, and connections better in both urban and rural areas.
This year’s funding highlights a number of important milestones, such as the highest investment in rural areas ever, which was $13.3 million, and the most loans given out in a single round, which was $15.5 million. The modified state budget for fiscal year 2025 provided a $46 million budget boost that made these allocations possible.
“Thanks to conservative budgeting and strategic funding of our priorities, Georgia is not only the No. 1 state for business we’re also the best state for reliable infrastructure,” said Governor Brian Kemp, Chairman of the SRTA Board.
“With this year’s historic rural investment, we’re preserving our competitive edge and reaffirming our commitment to creating opportunity in all parts of our state, especially rural Georgia. I want to thank the General Assembly and the SRTA team for making these awards possible and I look forward to the generational impact they will have on our communities.”
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The Cumberland Community Improvement District (CID) is one of the most important recipients. It will get over $4.9 million in loans to start the Cumberland Sweep Segment C. This shared-use walkway is part of a larger 3-mile loop around the district. It will connect to a pedestrian bridge over I-285 and have better traffic signals at a busy intersection.
A roundabout will be built at State Route 53 and Mulberry Road in Barrow County with a mix of $3.4 million in loans and grants. This road connects Winder, Hoschton, and Braselton. Officials claim the project will cut down on accidents, make it easier for freight to travel, and speed up construction by three years.
In the meanwhile, the City of Mount Vernon will get a $1.4 million grant to rebuild roads that were damaged by Hurricane Helene and pave Carver Street, a dirt road that is very important for getting about town. The goal of these changes is to make it easier to get to this remote hamlet and bring in new businesses.
Projects in Dougherty, Cherokee, and Dodge counties also got money for important infrastructure work like widening roads, fixing bridges, and resurfacing. Some of these projects will now go forward up to ten years ahead of schedule because of GTIB support.
Jannine Miller, Executive Director of SRTA, highlighted the growing demand from rural areas, which made up 38% of this year’s applications. “SRTA is honored and excited to continue investing in Georgia’s transportation network, this year by infusing more state funds than ever into local projects,” Miller said.
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GTIB has given $242 million since it started in 2010 to assist pay for transportation improvements in Georgia that cost more than $1.2 billion. Local governments apply based on a set of competitive criteria, such as the readiness of the project, how it will affect the economy, and how much money they may share.
Some of the cities that will get awards in 2025 are LaGrange, Twin City, Iron City, and Colquitt and Stewart counties. State officials are hopeful that the financing will have long-lasting advantages across the state because each initiative is designed to meet the specific needs of each region.
More details about each of the projects are available here.
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