Louisiana will receive $60 million in FASTLANE grant funding that will allow the state to complete a nearly 15-mile pavement replacement and lane addition project between the I-10/I-49 interchange and the Atchafalaya Basin Bridge.
This project will improve a portion of the interstate system that carried 120 million tons of freight worth $204 billion in 2015. The entire I-10 corridor is experiencing tremendous growth, but this is the most competitive section given the federal grant requirements. Traffic counts from 2016 indicate that more than 33 percent of all vehicles traveling on this portion of I-10 are freight related. Future freight flows are expected to grow by 55 percent, and the value of the freight will grow to an estimated $435.3 million. The entire project is estimated to cost more than $300 million.
As additional details become available, they will be reported here.
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