RALEIGH, N.C. (AP) — North Carolina government would need billions of dollars in additional road-building funds if it wants to carry out currently planned projects for the next decade.
A Department of Transportation report says the gap between the costs for committed DOT projects and available funding from 2024 to 2033 is at least $7 billion.
WRAL-TV reports projects could get dropped from the state’s transportation building roadmap or others don’t get added.
The higher cost projections can be contributed to rising material costs and uncertain job markets due to the COVID-10 pandemic, as well as increasing real estate prices.
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