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6/20/2019
The Massachusetts Department of Transportation's (MassDOT) board and the Massachusetts Bay Transportation Authority's (MBTA) fiscal management board earlier this week voted to approve a five-year $18.3 billion capital investment plan (CIP) for fiscal years 2020-2024.
The CIP marks an increase of $1 billion compared with the previous five-year CIP, according to a MassDOT press release.
“We are continuing to invest historic levels of funding into the MBTA and strengthen our roadway and bridge networks in order to provide a more reliable transportation system across Massachusetts,” said Massachusetts Gov. Charlie Baker in the press release.
The plan calls for:
The CIP includes all MassDOT road and bridge projects, public use airports, rail and transit, including the MBTA and regional transit authorities.The CIP is a rolling five-year plan that is updated annually.