Georgia approves the $17.3 million infrastructure loans and grants.
The city administrative building of Lilburn, Georgia (Source: City of Lilburn / Facebook).
Lilburn, Georgia
Georgia authorities have approved the $17.3 million loans and grants from the Georgia Transportation Infrastructure Bank. These funds will support seven transportation infrastructure projects throughout the state.
Jannine Miller, the Executive Director of the State Road and Tollway Authority, highlighted that transportation projects often come with significant upfront costs. By offering grants and low-interest loans, the state makes these projects more affordable and alleviates pressure on local budgets.
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$17.3 Million-worth loans and grants to support seven transportation infrastructure projects
The approved funding amounts differ, spanning from a $4.7 million loan designated for a town center project in Lilburn, to a $794,930 grant allocated for a road project in Monroe County. Certain recipients, such as Pike County, have been granted both a grant and a loan exceeding $4.9 million, according to Clayton News Daily.
The Buckhead Community Improvement District, a non-governmental entity, secured a $2 million loan for a street safety project on Lenox Road. Notably, the Georgia Transportation Infrastructure Bank has granted a total of $200 million in loans and grants since 2010, according to The Center Square.
The Republican Governor Brian Kemp emphasized in an announcement that these substantial awards will drive economic growth, expand opportunities, and enhance mobility for all hardworking Georgians, regardless of their location.
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