AFAM
46.65
+0.1
+0.21%
 
AMZN
1006.34
+3.4
+0.34%
 
BGC
22
+0.3
+1.38%
 
CHDN
209.05
+0.4
+0.19%
 
CSVI
48.2
0.00
0.00%
 
CSX
52.84
+0.01
+0.02%
 
CTBI
47.3
+0.3
+0.64%
 
F
12.12
+0.07
+0.58%
 
FFKT
43.6
+0.55
+1.28%
 
GE
23.36
+0.38
+1.65%
 
GM
45.76
-0.12
-0.26%
 
HUM
237.17
-0.56
-0.24%
 
IR
91.3
-0.02
-0.02%
 
KND
6.15
+0.15
+2.50%
 
KR
20.44
-0.86
-4.04%
 
LMT
318.94
-0.45
-0.14%
 
SYBT
38.05
+0.1
+0.26%
 
TPB
18.61
-0.02
-0.11%
 
TPX
65.23
+0.48
+0.74%
 
TXRH
50.18
+0.23
+0.46%
 
UPS
118.34
-0.02
-0.02%
 
XRX
33.09
+0.08
+0.24%
 
YUM
76.21
+0.01
+0.01%
 
AFAM
46.65
+0.1
+0.21%
 
AMZN
1006.34
+3.4
+0.34%
 
BGC
22
+0.3
+1.38%
 
CHDN
209.05
+0.4
+0.19%
 
CSVI
48.2
0.00
0.00%
 
CSX
52.84
+0.01
+0.02%
 
CTBI
47.3
+0.3
+0.64%
 
F
12.12
+0.07
+0.58%
 
FFKT
43.6
+0.55
+1.28%
 
GE
23.36
+0.38
+1.65%
 
GM
45.76
-0.12
-0.26%
 
HUM
237.17
-0.56
-0.24%
 
IR
91.3
-0.02
-0.02%
 
KND
6.15
+0.15
+2.50%
 
KR
20.44
-0.86
-4.04%
 
LMT
318.94
-0.45
-0.14%
 
SYBT
38.05
+0.1
+0.26%
 
TPB
18.61
-0.02
-0.11%
 
TPX
65.23
+0.48
+0.74%
 
TXRH
50.18
+0.23
+0.46%
 
UPS
118.34
-0.02
-0.02%
 
XRX
33.09
+0.08
+0.24%
 
YUM
76.21
+0.01
+0.01%
 

KYTC releases statewide transportation projects to guide Highway Plan

Identifies 70 projects

FRANKFORT, Ky. (June 26, 2017) — The Kentucky Transportation Cabinet (KYTC) today released a data-driven list of statewide transportation projects that will help guide development of the next Highway Plan.

SHIFT Logo-Ky AheadOver the past several months, KYTC evaluated and scored more than 1,100 projects across the state using the new Strategic Highway Investment Formula for Tomorrow (SHIFT). The formula is an objective approach that uses data on safety, congestion, asset management, economic growth and cost-benefit ratios.

At the direction of Gov. Matt Bevin, state transportation leaders created SHIFT as a data-driven tool to help prioritize spending of limited transportation dollars, estimated at $2.6 billion over the next six year cycle (FY 2018-FY 2024) based on current funding sources. Kentucky’s current six-year Highway Plan has nearly $6 billion in unfunded transportation projects.

“With limited dollars to spend, we must make wise investments that improve safety for our citizens, increase mobility and drive the state’s economy,” said Transportation Sec. Greg Thomas. “SHIFT is a tool to help us propose a prioritized and balanced Highway Plan to present to the governor and lawmakers.”

The first step in narrowing funding priorities was to identify and rank projects with statewide significance – interstates and highways that move people and goods from one Kentucky region to another and to other states.

The statewide list identifies 70 projects, which are part of the National Highway System, as projects of statewide significance. These projects will be considered for funding through a statewide funding pool, which will be designated in the recommended Highway Plan later this year.

The next step in the SHIFT process will focus on ranking regional projects, transportation improvements within geographical sections of the Commonwealth.

Over the coming weeks, local transportation leaders (Area Development Districts, Metropolitan Planning Organizations and KYTC District Offices) across the state will meet to decide which projects to prioritize for consideration for Highway Plan funding. The groups will consider more than 1,100 projects that have been scored using SHIFT including those National Highway System projects that were determined not to have statewide significance.

KYTC has grouped the state’s 12 highway districts into four geographic regions – North, South, East and West – consisting of three districts each. Leaders in each region will be asked to prioritize spending on projects in their areas.

Thomas also announced yesterday that the recommended Highway Plan will set aside an additional $205 million annually in the next highway plan to repair or replace aging bridges and roads across the Commonwealth.

Kentucky has more than 1,100 structurally deficient bridges and more than 3,700 miles of roads that need significant repairs. The backlog of pavement improvements alone totals approximately $1 billion and is growing at a rate of 500 miles of roadway each year.

Later this fall, the statewide and regional lists developed under SHIFT scoring will guide development of the Highway Plan, a six-year outline for transportation spending. The plan will also include funding for priorities outside of SHIFT, including projects already underway and federally designated programs such as the Transportation Alternative Program and the Congestion Mitigation Air Quality program funded through the Office of Local Programs.

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