Project Budget/Funding
As of August 2018
- The connection project, which is expected to cost just under $100 million, has garnered tremendous support from local governments and the federal government. Most significant is La Plata County's successful $12.3 million FASTLANE grant application to the U.S. Department of Transportation—among nearly 200 applications submitted nationwide and the largest grant awarded for small projects.
- The project will see additional savings of $1.98 million from the Tribal Employment Rights Organization (TERO) not being assessed by the Southern Ute Indian Tribe.
Additional Project Funding
Several other area agency and government partners have stepped forward to offer funding toward the US 550/US160 connection project. Funding sources thus far include:
|
$12.3 million |
FASTLANE Federal Grant (awarded to La Plata County - July 2017) |
|
$54.4 million |
State of Colorado (approved by Transportation Commission - Nov 2017) |
|
$1 million |
Colorado Department of Local Affairs - Energy & Mineral Impact Assistance Funds (awarded to La Plata County - July 2018) |
|
$500,000 |
Southern Ute Growth Fund (Nov 2017) |
|
$250,000 |
La Plata County (Nov 2017) |
|
$250,000 |
City of Durango (Nov 2017) |
|
$29.9 million |
CDOT Region 5 Project Funding |
|
$98.6 million |
Total Funding |
