New interchange paves the way for St. Louis area residents
November 20, 2013 by Max
A new road structure, referred to as a “diamond” interchange, opened Friday, November 8, at the Mid Rivers Mall Drive and I-70 in St. Peters.
According to the Missouri Department of Transportation (MoDOT), the project, which cost $1.4m, was funded with combined city, county, state, and federal money. MoDOT believes that cost sharing is the way large projects like this one will be funded in the future. Tom Evers, a MoDOT official said that the Department does not have the funds to pay for projects this size, and will require assistance.
In addition, MoDOT has said that it does not have the money at its disposal to construct new roads throughout the state, and will need help to be able to complete potential work. The Department undertook a state-wide tour to ask Missouri residents what they want, and came back with over 12,000 suggestions from citizens for projects that would total over $70bn. The agency says it has about $17bn available in its budget. Officials also say they have trimmed their budget as far as they can.
However, the successful joint funding of the new interchange may show the way such projects can be financed in the future. MoDOT officials could consider working with brochure printers to create a pamphlet explaining the results of their state-wide survey, and the difficulties presented. They could approach other agencies, as well as private enterprises, for joint ventures to raise the funds they need for additional roadworks.