$2.5 Billion To Be Invested In Central Florida

$2.5 Billion To Be Invested In Central Florida

At its June meeting, the Central Florida Expressway Authority (CFX) Board voted unanimously to adopt a record $2.5 billion Five-Year Work Plan, an increase of approximately $600 million over the plan adopted in 2018. The Five-Year Work Plan is part of CFX’s budget process and serves as an important tool for the agency to effectively manage its program of system improvements, enhancements, rehabilitation and expansion to CFX’s 118-mile expressway system.

“In one of the fastest growing regions in the country, our transportation infrastructure is a vital investment, driving economic prosperity and quality of life,” said Executive Director Laura Kelley. “The Five-Year Work Plan contains much needed capacity and expansion projects that support our world-class mobility network.”

Highlights of the Five-Year Work Plan include:

  • Funding for five interchange projects, including:
  • SR 408/SR 417 Interchange
  • SR 528/SR 436 Interchange near Orlando International Airport
  • SR 429/Stoneybrook West Parkway Interchange in west Orange County
  • SR 528 / Dallas Boulevard
  • SR 408 / I-4 Interchange Contribution
  • Initial funding for future expansion projects, such as the:
  • Lake/Orange County Connector
  • Poinciana Parkway Extension
  • Osceola Parkway Extension
  • Widening of approximately 46 miles of existing expressways, predominantly:
  • SR 417/ International Drive to SR 528
  • SR 429/ Tilden Road to SR 414
  • Resurfacing of approximately 43 miles
  • Expansion of the award-winning Wrong Way Driving Detection and Prevention System, developed jointly by CFX and the University of Central Florida
  • Improved roadway lighting and signs
  • Installation of a new state-of-the-art toll collection system

CFX’s $2.5 billion Five-Year Work Plan is projected to create over 32,000 jobs in Central Florida and contribute $1.5 billion in gross domestic product to the local economy. Studies indicate drivers on CFX’s expressways will save up to 32 travel hours annually.

Read More: https://www.cfxway.com/agency-information/newsroom/news-releases/2020-work-plan/

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