August 10, 2012
Patrick Signs $1.5B Infrastructure Bond Bill
By Emily Micucci
Funding for transportation infrastructure projects across Massachusetts will continue, after Gov. Deval Patrick signed a $1.5 billion bond bill Thursday to authorize spending in fiscal 2013.
The bill includes $885 million in state money, which leverages federal funding for state road, bridge, rail, and regional transit projects. It also includes funding to pay for the final year of the five-year transportation bond bill Patrick signed in 2008.
Patrick said continuing to pay for infrastructure projects this fiscal year supports his goal to rebuild roads and bridges across Massachusetts, as well as to create jobs.
"This is how we are strengthening our state's economy and quality of life for the long-term," Patrick said.
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