Article by: Veronica Brezina
For the Full Story visit: Orlando Business Journal
The Central Florida Expressway Authority’s largest work plan in its history is projected to create over 11,000 jobs over the next five years.
On May 12, the authority announced that its board voted unanimously to adopt a five-year, $1.6 billion work plan.
The five-year plan includes:
- Approximately 40 miles of widening existing expressways
- 60 miles of resurfacing, improved roadway lighting and signs, a new state-of-the-art toll collection system and safety projects
- Some of the largest investments in the plan is completing CFX’s sections of the Wekiva Parkway, scheduled to fully open in spring 2018, and a $230 million contribution to the state to be used for the I-4 Ultimate State Road 408/I-4 Interchange project.
The agency plans to have its work plan projects designed, built and operational by 2022, which is the end of the new work plan. The authority’s plan also will contribute $1 billion in gross domestic product to the local economy as well as saving 32 hours annually traveling on its expressways.
Its work plan is updated annually and presented to its governing board each spring for adoption.