Local St Joseph Transportation Project Selected For Cost-Share Funding

A St Joseph transportation project has been selected as one of 28 local transportation projects which will receive funding from $75 million in budget stabilization funding from the state’s Cost-Share program. The Missouri Department of Transportations says $2.8 million dollars will appropriated for the reconstruction of Pickett Road and AG Expo in St Joseph.

A total of 28 applications were selected to receive funding by a Cost-Share Committee which included the Chief Engineer of MoDOT, the Chief Financial Officer, Assistant Chief Engineer, and two employees, and staff from the Missouri Department of Economic Development. The committee received a total of 41 applications.

Under the program, 50 percent of the construction contract costs are matched by the state for the selected projects. The local entities are responsible for the other funding.

Twenty percent of the funds are set aside for projects that demonstrate economic development. MoDOT and the Department of Economic Development worked with project sponsors to determine when projects may generate economic development. The departments may contribute up to 100 percent of the construction contract costs from the 20 percent set aside for these projects.