© 2022 WBAA
712 Third St. | West Lafayette, IN 47907
(765) 494-5920
squirrelheader.jpg
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
The HD2 channel on 101.3 FM is temporarily off air due to equipment failure.
Government / IPBS

Holcomb pleased with road funding plans as federal money arrives

Lauren Chapman
/

Indiana officials say federal transportation funding – created by the Biden infrastructure bill last year – will help add to the state’s already robust road funding plans.

Indiana passed its own infrastructure bill in 2017. By raising gas taxes and BMV fees, the state established a 20-year, fully-funded road construction plan.

Gov. Eric Holcomb said the federal infrastructure package will deliver billions to Indiana, starting with about $200 million this year.

“And this is going to help us – kind of the icing on the top or the cherry on the top,” Holcomb said.

Join the conversation and sign up for the Indiana Two-Way. Text "Indiana" to 73224. Your comments and questions in response to our weekly text help us find the answers you need on statewide issues.

Two other factors impacting Indiana’s road funding plans? Gas prices and inflation. Inflation is driving up costs for projects, while Indiana Department of Transportation Commissioner Mike Smith noted that higher gas prices means more revenue going to infrastructure.

“The good news we’ve got on gas prices is not overcoming the amount of inflation that we’ve got,” Smith said.

Smith said higher prices are creating a challenge for his agency. But he still feels Indiana’s road plans are in a good place.

Contact reporter Brandon at bsmith@ipbs.org or follow him on Twitter at @brandonjsmith5.

Copyright 2022 IPB News. To see more, visit .