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Missouri proposal to speed up construction of roads and bridges
Published: July 02, 2002
Missouri transportation commissioners have proposed to issue an additional US$254 million in bonds to speed up construction of roads and bridges. This would take the state’s road-bonding authority to US$900 over a three-year period. If the proposed plan is approved by the state legislature, over 30 projects would receive funding. According to Henry Hungerbeeler, executive director of Missouri Department of Transportation, “Our credit is maxed out. Without new money, we can’t afford any more debt.” |
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