Finding innovative ways to fund the project
LAFAYETTE, LA (KADN) — The I-49 south task force met today for an update on the ongoing project. The task force was put together to figure out the feasibility and funding for the project, which is a difficult piece. The Federal Highway Administration teleconferenced in for a webinar presentation on innovative finance tools the state can use. The task force is now looking at multiple methods they can use throughout the project.
"It's the first meeting for a long time of the task force on funding for I-49 south, so it was important to bring people back together again. A lot of people are new they have not served on the task force before, and I think it's the intent to try to re-energize the effort to try to complete I-49 south," says Eric Kalivoda, Deputy Secretary of DOTD.
"DOTD is really starting to prioritize. I get a sense that their looking at I-49 south of being the most important project right now, and that they have made it a priority and they are looking at innovative ways to get things done. We know the money from state, local and federal government is getting more and more difficult so we either get innovative, or we get nothing," says Joey Durel, City-Parish President of Lafayette.
In the meeting we learned there is a lot of activity underway for the construction of I-49 south. DOTD is breaking the project up into sections to make the funding easier. From Lafayette down DOTD has many different projects, and a toll study underway as possible funding for the interstate. The project is using old and new concepts together to find the best way to complete I-49 south.