On Thursday, Colorado Gov. John Hickenlooper will sign off on a bill that would use $645 million dollars from the general fund over the next two years to pay for transportation projects across the state.
DENVER, CO - OCTOBER 02: Traffic drives on the segement of Interstate 25 near the venue for the first presidential debate on October 2, 2012 in Denver, Colorado. The Interstate will be closed from 5 PM until 10 PM when Republican presidential candidate Mitt Romney will square off against U.S. President Barack Obama in the first of three debates on October 3. (Photo by Doug Pensinger/Getty Images)
DENVER — It was a goal Colorado Gov. John Hickenlooper wanted to accomplish at the beginning of the legislative session: fixing transportation funding problems.
On Thursday he will sign off on a bill that would use $645 million dollars from the general fund over the next two years to pay for transportation projects across the state.
An additional $50 million per year will go toward paying down CDOT's $9 billion project backlog for the remaining 18 years.
The governor will travel to Loveland for the bill signing. Immediately after that he'll take part in a celebration for the reopening of US 34 through the Big Thompson Canyon.
The highway opened to traffic last week following five years of work to repair damage from the 2013 floods.