Report: Nebraska needs $16.6 billion for roads over 20 years
Posted By: Channel 8 Eyewitness News
LINCOLN, Neb. (AP)
A new report says Nebraska will need $16.6 billion over 20 years to meet its road project needs.
The Department of Roads announced the inflation-adjusted estimate Monday in testimony to a joint legislative committee. The department is required by law to outline its long-term needs each year.
Department Director Kyle Schneweis says his agency is in an "enviable" position with $500 million on hand for construction. Schneweis says state officials recognize that the needs will always be greater than the money available for projects.
Nebraska approved $450 million infrastructure package earlier this year to accelerate work on a backlog of progress. In 2011, lawmakers passed legislation to divert roughly $75 million a year in sales tax revenue into road projects.