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NC 540 (R-2829) Bonus Allocation Programming Update
Alex Rickard, MPO Staff
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The Strategic Transportation Investments law (STI) creates incentives for local governments participation in funding of roadway construction and tolling of highways by establishing “bonus allocation” funding. Bonus Allocation funding is provided to a MPO when either local funding is provided for a highway project or tolling is enacted. As a result of this provision, CAMPO has received an allocation of one hundred million dollars for the tolling of NC 540 in eastern Wake County, referenced in the Transportation Improvement Program (TIP) as R-2829.
A list of candidate projects was approved by the CAMPO Executive Board in August of 2024. CAMPO staff has worked with NCDOT Division 5 to draft scopes of work and cost estimates for each candidate project. Based on the MPO’s Bonus Allocation project selection methodology, updated cost estimates, anticipated benefits, and feedback from NCDOT and CAMPO members, staff is recommending programming of the attached list of projects with the NC 540 Bonus Allocation funding.
It is further recommended that these projects be included in the current FY 2026-2035 TIP Amendment #3 for Right-of-Way and Construction funds.
Requested Action: Action Recommend Executive Board approval of the Bonus Allocation projects and inclusion in TIP Amendment #3