Frankfort, Ky. – The Kentucky Transportation Cabinet (KYTC) today released a data-driven list of statewide transportation projects that will help guide development of the next Highway Plan.
Over the past several months, KYTC evaluated and scored more than 1,100 projects across the state using the new Strategic Highway Investment Formula for Tomorrow (SHIFT). The formula is an objective approach that uses data on safety, congestion, asset management, economic growth and cost-benefit ratios.
At the direction of Gov. Matt Bevin, state transportation leaders created SHIFT as a data-driven tool to help prioritize spending of limited transportation dollars, estimated at $2.6 billion over the next six year cycle based on current funding sources. Kentucky’s current six-year Highway Plan has nearly $6 billion in unfunded transportation projects.
With limited dollars to spend, we must make wise investments that improve safety for our citizens, increase mobility and drive the states economy, said Transportation Sec. Greg Thomas. SHIFT is a tool to help us propose a prioritized and balanced Highway Plan to present to the governor and lawmakers.
The first step in narrowing funding priorities was to identify and rank projects with statewide significance interstates and highways that move people and goods from one Kentucky region to another and to other states.
The statewide list identifies 70 projects, which are part of the National Highway System, as projects of statewide significance. These projects will be considered for funding through a statewide funding pool, which will be designated in the recommended Highway Plan later this year.