The original CT2030 initiative was a 10-year, $21.3 billion financing plan that Lamont released on Nov. 7. It allocated $14.2 billion for roads and bridges, and $7.1 billion for public transportation. The governor and Democratic leaders plan to generally follow its outlines, including its timetable, funding sources, and list of projects. The two House leaders proposed to charge tolls on commercial trucks to help finance 12 bridge improvement projects identified in Lamont’s 2030 plan. It is estimated the bridge tolls will generate $180 million annually. CT2030 anticipated receiving $1.5 billion through the Transportation Infrastructure Finance and Innovation Act. Under TIFIA, the state government must dedicate a revenue stream for repaying the low-interest construction loans.
State awaits release of Lamont’s revised plan for transportation funding