Boston & New England CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
MassDOT Approves $20.7B Five-Year Capital Investment Plan
The Massachusetts Department of Transportation (MassDOT) Board of Directors has approved the Fiscal Year 2027-Fiscal Year 2031 Capital Investment Plan, described as a strategy to modernize transportation infrastructure, improve safety and reliability, create jobs and support economic growth across Massachusetts.
The $20.7-billion five-year plan includes $4.4 billion in investments supported by Fair Share revenues and will fund critical improvements to roads, bridges, culverts, rail, and transit infrastructure, while helping advance major projects across the state. The plan also includes other significant investments in the Massachusetts Bay Transportation Authority (MBTA), Regional Transit Authorities, municipal transportation programs, and bicycle and pedestrian infrastructure.
“The Fiscal Year 2027-Fiscal Year 2031 Capital Investment Plan reflects our commitment to building a safer, more reliable and seamless multimodal transportation network for everyone who lives, works and travels in Massachusetts,” said Interim Secretary of Transportation and MBTA General Manager Phillip Eng. “These investments will support economic growth, improve mobility and help ensure that communities across the state can thrive.”
Pictured: MBTA crew working on infrastructure improvements to the Green Line C branch. Photo courtesy of MBTA.
- ◦Development
- ◦Financing
