Bonus Allocation Funding
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PUBLIC NOTICE: CAMPO is currently considering multiple roadway candidate projects for programming with Bonus Allocation funding from NC 540 (R-2829). The construction of the last phase of NC 540 from I-40 to I-87 will generate $100 million of Bonus Allocation funds to the Capital Area MPO for additional roadway projects. These candidate projects are posted for public review and comment through May 14th, with a public hearing scheduled for the Executive Board meeting on May 15, 2024. The approved projects are anticipated to be included in Transportation Improvement Program Amendment #5. TIP Amendment #5 will be posted for public comment and review from June 2024 through August 20th and anticipated to be approved by the Executive Board at their August 21st meeting. Comments can be submitted through the webform, via email to comments@campo-nc.us, via phone to 984-542-3601, or via U.S. Mail to: CAMPO Public Comments, Attn: Bonnie Parker, 1 Fenton Main Street, Suite 201, Cary, NC 27511. |
The Strategic Transportation Investments (STI) law, passed in 2013, includes a provision to provide incentives for local governments to contribute funding to transportation projects and to support tolling for highway projects. The incentive is an allocation of funding, referred to as Bonus Allocation (BA), that can be used to fund the construction of other eligible roadway projects. Whether the Bonus Allocation funds are generated by tolling or by local contribution, the projects programmed with these funds must be included in the Transportation Improvement Program (TIP). Therefore, the North Carolina Capital Area Metropolitan Planning Organization plays a critical role in the selection of these projects and ultimately has the final decision on whether to include them in the TIP.
For more information on NCDOT Strategic Prioritization and the Strategic Transportation Investments law see http://www.ncdot.gov/strategictransportationinvestments/.
Methodology
CAMPO's Bonus Allocation methodology was approved by the Executive Board in April of 2020.
NC 540 Project Bonus Allocation (R-2721 & R-2828)
Early in 2020, CAMPO received notice from NCDOT that there will be a $100 million Bonus Allocation to the region as a result of the committed NC 540 project from NC 55 in Holly Springs to I-40 (R-2721 & R-2828). The approved methodology was used to generate a list of proposed candidate projects for the Bonus Allocation funding from the NC 540 project, which was approved in April of 2020.