On Nov. 15, 2021, the Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Law, was signed into law.
This new five-year funding authorization bill provides for an approximate 20% increase in federal formula funds and an estimated 12% increase over existing formula funds. This funding, along with additional funding from the Rebuild Illinois capital program passed in June 2019, helps make significant progress in addressing our road and bridge needs in Illinois.
The IIJA and the Rebuild Illinois capital program have significantly increased the size of IDOT’s highway program. The FY 2024 Annual Highway Improvement Program remains significantly larger than previous years, providing $4.63 billion of the $27.03 billion included for highways in the Fiscal Year 2024-2029 Proposed Highway and Multimodal Improvement Program. Also included are projects totaling approximately $620 million in appropriations from previous fiscal years that are scheduled to be implemented in FY 2024. As a result, the FY 2024 Annual Highway Improvement Program totals $5.25 billion. This allows the department to continue to move assertively towards meeting Transportation Asset Management Plan goals and fixing our state’s crumbling infrastructure.
A total of 894 miles of highways and 252 bridges will be improved or constructed through the FY 2024 Annual Highway Improvement Program. Safety and traffic improvements are scheduled at 143 locations. The FY 2024 Annual Highway Improvement Program includes $3.76 billion for projects on the state highway system and $1.49 billion for projects on the local system.