Title
Amendment #8 to FY2020-2029 Transportation Improvement Program (TIP) and Bonus Allocation Projects Update
Alex Rickard, CAMPO Staff
Body
CAMPO has received notification from NCDOT of changes to regional projects that require amending the
Transportation Improvement Program. The primary purpose of this Amendment will be to add Right of Way and Construction funding to the first group of Bonus Allocation projects that are ready to move from the design phase to implementation. This amendment will also include transit projects to reflect the updated Wake Transit Work Plan.
CAMPO Staff will provide a status update of the Bonus Allocation process for NC 540. Early in 2020, CAMPO received notice from NCDOT that there will be a $100 million Bonus Allocation to the region as a result of the committed NC 540 project. The approved methodology was used to generate a list of proposed candidate projects for the Bonus Allocation funding from the NC 540 project, which was approved in April of 2020.
Amendment #8 will be posted for public comment from March 21 to April 19, 2022. A public hearing is scheduled for the April 20, 2022 Executive Board meeting. Approval of Amendment #8 will be requested at the conclusion of the public hearing on April 20, 2022.
Requested Action: Action Approve Amendment #8 to FY2020-2029 Transportation Improvement Program and the removal of selected Bonus Allocation projects from Intersection Improvements List.