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September 7, 2024
PI Global Investments
Infrastructure

Georgia to invest $1.5B in transportation infrastructure


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On Thursday, Georgia Gov. Brian Kemp said the state’s historic $1.5 billion investment in transportation infrastructure would serve as a down payment on future investments.

The funding will pay for transportation projects reviewed by the State Transportation Board, and will more than double funding from the state to cities and counties for local transportation infrastructure.

“Over the last few years, we’ve welcomed unprecedented job creation to all regions of the Peach State, and this funding will ensure our already reliable infrastructure network can meet the needs of that incredible growth,” Kemp said. “In the months and years ahead, hardworking Georgians will see further improvements to the roads and bridges they drive each day.”

The funding was first announced during the 2024 Legislative session and includes $250 million for local roads, $593 million for capital construction, $50 million for capital maintenance and $98 million for airport aid.

“As the No. 1 state to build and grow a business, Georgia is not slowing down in our goal to increase economic opportunities,” Lt. Governor Burt Jones said. “Investing surplus budget funds in existing and future transportation infrastructure is critical to ensure our businesses can expand, goods and services can be transported, and our citizens arrive safely to their destinations.”

State Rep. Jon Burns (R-Newington), Speaker of the House, said the investment is due to unprecedented growth and development across the state.

“This historic growth presents a significant opportunity to strengthen and secure our roads, bridges, and economic development centers that will face increased demand for the foreseeable future,” Burns said. “We’re proud of the $1.5 billion investment in our critical infrastructure across Georgia and look forward to keeping our state and economy moving.”



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