The STIP makes available nearly $14 billion of federal and state revenues for all modes of transportation over the next five years, making it the largest program ever. Of the $14 billion, the draft STIP details $10.4 billion in road and bridge construction contractor awards, averaging approximately $2.1 billion per year.
“This STIP is not immune to the ongoing record inflation and increasing cost of doing transportation improvements. In fact, this program accounts for $1.2 billion in inflation impacts, which would equate to a year’s worth of funding in previous programs,” said Missouri Department of Transportation (MoDOT) Director Patrick McKenna. “To manage these fiscal constraints, this program didn’t add a significant number of projects. We had to adjust the schedules on nearly 400 projects to manage the funding availability each year. We’ll continue our asset management efforts while also making critical improvements and upgrades to corridors and safety features across the state.”
The program details these maintenance improvements to Missouri’s nearly 34,000 miles of roads and 10,400 bridges. The draft STIP was released in June for public review, and MoDOT received 72 comments.
The STIP also includes detailed project information for non-highway modes of transportation and a section detailing planned operations and maintenance activities for the next three years. This additional information is provided to allow Missourians to more easily see how their transportation funding is invested.
