Maine to borrow $105 million for transportation projects

Maine voters approved the issuance of $105 million worth of bonds in the November 7 election to pay for roads and bridges.

The borrowing will match about $137 million in federal and other funding.

The bulk of the money would be for secondary roads and bridges, and about $20 million would go toward rail, aviation, boat, bike and pedestrian projects, according to the Bangor Daily News.

Voters approved a $100 million bond measure last year and another one is planned for 2018. The Maine Department of Transportation still has a funding gap of $59 million for road and bridge work, according to the Portland Press Herald.

The bonds are used to fund the Maine DOT’s three-year work plan.