Governor Brian Kemp and the State Road and Tollway Authority (SRTA) Board of Directors announced the approval of $17.3 million in Georgia Transportation Infrastructure Bank (GTIB) loans and grants that will help fund seven transportation infrastructure projects across the state. Since 2010, GTIB has awarded $200 million in grants and loans investing in projects with a combined project value exceeding $1 billion, demonstrating the impact of the state’s investment and outstanding partnerships with local governments and community improvement districts (CIDs) in Georgia over the past 13 years. The considerable and wide-ranging GTIB funding during Governor Kemp’s first term is a testament to his administration’s commitment to increasing Georgia’s mobility, positively impacting the state’s economy.
"Georgia is in the midst of a second industrial revolution, and as a result the need to further build out our infrastructure has never been greater," said Governor Brian Kemp. "Thanks to SRTA, this year we are able to fund all of the rural projects that submitted an application for this statewide program. With these substantial awards, we are paving the way for economic growth, expanded opportunities, and seamless mobility for all hardworking Georgians, regardless of their zip code. Together, we continue to build a stronger Georgia, one road at a time."
Since its inception in 2010, GTIB has provided strategic state investments in critical transportation projects that enhance mobility in local communities throughout Georgia. Applications are evaluated on a competitive basis. Criteria include transportation/engineering merit, economic merit, matching funds, and project specifics such as project phase and feasibility.
Loan applications are also evaluated for creditworthiness and overall project merits. An advisory committee comprised of representatives from state agencies and statewide associations evaluate SRTA staff recommendations and make final recommendations to the SRTA Board. Funds distributed by GTIB are used for capital expenses related to road and bridge infrastructure work.
“Transportation infrastructure projects often entail large upfront costs. Having the options of grants and low interest loans from the state not only makes these projects more affordable but reduces the pressure on local budgets to support other important services to citizens,” said SRTA Executive Director Jannine Miller. “Serving as a funding partner with local communities, cities and counties to build transportation projects that promote economic development and mobility is a win-win for Georgia’s citizens and businesses.”
The GTIB application window started October 24th and closed on Wednesday, January 20, 2023. Fiscal Year 2023 awardees, project descriptions, and funding amounts are as follows:
City of Twin City Revitalization Road Project This project will resurface thirteen roads in the city for a distance of approximately five miles. The addition of GTIB funding will expedite the project by approximately ten years.
For more information about the GTIB program, visit www.srta.ga.gov/gtib.
Twin City Mayor, Matt Donaldson said, "We are excited about this new grant award. With the Georgia Transportation Infrastructure Bank grant and loan and additional city match funds, we will be resurfacing thirteen city streets. This funding will expedite our resurfacing plan by 10 years. The total project cost is $1 million, with the city match being $400,000. The thirteen proposed city streets are: Paradise Road, Stokes Avenue, Eastside Road, Old Statesboro Road, Maple Street, Palm Street, S. College Street, Mathis Avenue, Princess Street, King Street, Rainbow Ridge, Allen Street, and S. Railroad Avenue.”
Press Contacts:
Garrison Douglas - Press Secretary
Office of Governor Brian P. Kemp
garrison.douglas@georgia.gov
Carter Chapman - Deputy Press Secretary
Office of Governor Brian P. Kemp
carter.chapman@georgia.gov
Ericka Bayonne - Chief Communications Officer
State Road and Tollway Authority
ebayonne@srta.ga.gov
