The Idaho Transportation Board approved an additional
$65 million in grant anticipation revenue vehicle bonds, also called GARVEE bonds, to pay for road projects on US-95 in northern Idaho.
That brings to $215 million the amount of new project bond funds the board has committed, since the Legislature earlier this year authorized $300 million of additional bonding for transportation infrastructure improvements, to be repaid from the state's future disbursements from the federal Highway Trust Fund.
In April, the board had approved $150 million in GARVEE bonds to widen part of Interstate 84 in Nampa.
The governor-appointed board oversees operations of the Idaho Transportation Department,
according to its website, sets ITD policy and "guides the planning, development and management of a transportation network that is safe, efficient and enhances Idaho's economy and quality of life."
The work covered by the new bonding includes a $41 million project to build a new interchange at Idaho Highway 53 and frontage roads. It also removes two at-grade signals and completes improvements from an earlier US-95 corridor study.
In addition, the board approved a $23 million project to realign and widen an additional two miles of US-95 to four lanes to the top of Granite Hill north of Athol, including frontage roads and a grade separation to reduce fatal and serious injury crashes, the ITD said.
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