Cobb County Government
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Deal announces $27 million in transportation infrastructure project awards - Cobb one of 17 governments and CIDs to receive GTIB grant and loan funding

(Atlanta, GA - June 22, 2016) The State Road and Tollway Authority Board (SRTA) voted today and approved funding for 17 transportation infrastructure projects totaling approximately $27 million in grants and loans provided through the Georgia Transportation Infrastructure Bank (GTIB). The GTIB program is a revolving infrastructure investment fund established in 2008 by Georgia legislators and administered by SRTA. Gov. Nathan Deal serves as chair of the SRTA Board. “Today marks a major transportation milestone for Georgia. Through the GTIB Program, significant transportation infrastructure investments have been made towards the future of our communities – continuing to give Georgia a competitive edge,” Deal said. “Georgia mobility is pivotal to the economic vitality of our great state and this supplemental funding will enhance accessibility and quality of life for employment centers throughout Georgia.” Community improvement districts (CIDs), as well as local and state government entities are eligible for GTIB grant and loan funding. This year, 17 grants and three loans were awarded for this round of the GTIB program. The awardees include: counties — Barrow, Bulloch, Cobb, Forsyth, Gwinnett, Hall, Lee and Peach; Cities – Doraville, Dunwoody, Griffin, Gainesville and Sandy Springs; CIDs — Atlanta, Buckhead, Cumberland and Red Top. “To date, the GTIB program has provided more than $81 million in funding to jumpstart or complete transportation projects across the state, totaling more than $375 million in total project value,” said SRTA Executive Director Chris Tomlinson. “Since 2010, GTIB has awarded projects ranging from the diverging diamond interchanges in Gwinnett and Perimeter Center to roadway extensions in Lee and Peach Counties, and continues to serve our thriving municipalities and governments throughout Georgia.” Grant applications were ranked based on transportation/engineering merit, economic merit, local, state and federal matching funds and project specifics, such as the project phase and feasibility. Loan applications are evaluated based on borrower type, project type and loan spend down/repayment abilities, in addition to the merits of the project itself. Final approval is made by the SRTA Board.

 

Below are a list of project descriptions for this round of GTIB funding: COUNTIES – GTIB GRANTS
Barrow County West Winder Bypass GTIB Grant Award: $1,080,000
Bulloch County Interstate Gateway Corridor – Phase I GTIB Grant Award: $1,502,000

Cobb County

Six Flags Area Improvements at Riverside Parkway
Project seeks to improve mobility on Riverside Pkwy from the I-20 EB off-ramp to Six Flags Drive by realigning an intersection and improving sidewalks, traffic signals and signage. Project will increase the accessibility for thousands of employees and guests to Six Flags Over Georgia.
GTIB Grant Award: $1,600,000

Forsyth County Union Hill Road Widening/Reconstruction GTIB Grant Award: $1,200,000
Gwinnett County SR324 – New Interchange at I-85 GTIB Grant Award: $2,000,000
Hall County Tumbling Creek Road Extension GTIB Grant Award: $2,000,000
Lee County Marlowe Lane Extension GTIB Grant Award: $194,485
Peach County Russell Parkway Extension – Phase 1 GTIB Grant Award: $1,395,395

CITIES – GTIB GRANTS
City of Dunwoody Westside Connector Project GTIB Grant Award: $500,000
City of Doraville Road and Infrastructure Development for Assembly Project GTIB Grant Award: $1,500,000
City of Gainesville Oak Tree Drive/SR 60 Connector Operations GTIB Grant Award: $793,416
City of Griffin North Griffin Right of Way Improvement Program GTIB Grant Award: $992,893
City of Sandy Springs City Center Transportation Network GTIB Grant Award: $600,000

COMMUNITY IMPROVEMENT DISTRICTS – GTIB GRANTS
Atlanta DID Baker Street Two-Way Conversion GTIB Grant Award: $1,060,000
Buckhead CID Piedmont Road Widening GTIB Grant Award: $1,600,000
Cumberland CID Akers Mill Ramp GTIB Grant Award: $2,000,000
Red Top CID CSX Railroad Bridge Crossing at LakePoint Parkway GTIB Grant Award: $2,000,000
GTIB LOANS
Bulloch County Interstate Gateway Corridor – Phase I GTIB Loan Award: $1,877,000
City of Doraville Road and Infrastructure Development for the Assembly GTIB Loan Award: $1,500,000
City of Sandy Springs City Center Transportation Network GTIB Loan Award: $1,500,000

About SRTA
The State Road and Tollway Authority (SRTA) is a state-level, independent Authority created by the Georgia General Assembly to operate tolled transportation facilities within the State and act as Georgia’s transportation financing arm. Tracing its history back to 1953, SRTA has enabled user fees to be directed to important mobility links, including the original Sidney Lanier Bridge over the Brunswick River, the F.J. Torres Causeway “gateway” to the St. Simons’ community, the GA 400 Extension facilitating commutes into Metro Atlanta, the current I-85 Express Lanes and future electronic toll lanes offering motorists a choice for more reliable travel times.
For information on the GTIB program including grant and loan applications, guidelines, terms and loan interest rates, visit the SRTA website at www.georgiatolls.com. For media inquiries, contact Malika Reed Wilkins at mwilkins@georgiatolls.com