|
At its July 12 meeting, the Missouri Highways and Transportation Commission approved the fiscal year 2024-2028 Statewide Transportation Improvement Program (STIP), which lists transportation projects planned by state and regional planning agencies from July 1, 2023 through June 30, 2028.
The five-year program includes funding from General Revenue – passed by the Missouri General Assembly and signed by Gov. Mike Parson – to widen and improve Interstate 70, fix low-volume minor roads, upgrade railroad safety crossings and more.
The STIP makes available nearly $14 billion of federal and state revenues for all modes of transportation over the next five years, making it the state’s largest program. Of the $14 billion, the STIP details $10.4 billion in road and bridge construction contractor awards, averaging approximately $2.1 billion per year.
However, the STIP is not immune to the ongoing record inflation and increasing cost of doing transportation improvements. In fact, this program accounts for $1.2 billion in inflation impacts, which would equate to a year’s worth of funding in previous programs. To manage these fiscal constraints, this program didn’t add a significant number of projects to the last two years.
The STIP also includes detailed project information for non-highway modes of transportation and a section detailing planned operations and maintenance activities for the next three years. This additional information is provided to allow Missourians to more easily see how their transportation funding is invested.
Over the last 10 years, MoDOT has delivered 4,430 projects worth $10.8 billion. These projects were completed 5.9% under budget and 93% on time. The projects in the STIP will continue to deliver what taxpayers have asked for – taking care of the existing system.
The approved STIP is available online at https://www.modot.org/statewide-transportation-improvement-program-stip.
| 
