State seeks federal grants for I-85 bridge project
Gov. Beverly Perdue said her administration will try to tap into additional federal stimulus funds to replace the Yadkin River Bridge on Interstate-85 in Davidson and Rowan counties.Posted — Updated
Perdue said Thursday the state is pursuing grant money created in the stimulus package signed by President Obama this week.
NCDOT is expected to receive $838 million through the economic recovery plan. Of that amount, $735 million is allocated for highway and bridge projects and $103 million is set aside for projects involving aviation, bicycle and pedestrian, ferry, public transportation and rail.
But the package stipulates that half the money be spent on projects deemed "ready to go" in 120 days. State Department of Transportation spokesman Ernie Seneca said the Yadkin River Bridge won't meet that qualification, so the state had to apply for a discretionary grant for the project.
If the state is unable to secure a grant for the project, officials are working on other options including a toll or statewide bond. Those options would delay the project, NCDOT officials said.