The South Carolina Transportation Infrastructure Bank Board (SCTIB) approved a list of construction and design work projects providing $550 Million in funding for the SC Interstate Highway System. Act 98 was passed by the General Assembly during its 2013 session. To insure the construction costs do not surpass $550 million, SCDOT is to control project construction costs as needed.
The funding list is as follows:
- I-85/385 Interchange in Greenville County for 4.3 miles. SCDOT will provide $140 Million and SCTIB will not exceed $80 Million.
- I-20 widening in Lexington County for 10.3 Miles from US 378 to S-204/Longs Pont Rd. SCTIB will not exceed $154.401 Million.
- I-85 Widening in Spartanburg and Cherokee counties for 16 miles from Gossette Rd./S-57 to SC 18 for Phases I and II. SCTIB will not exceed $262 Million ($171 Million unavailable at present for Phase III to North Carolina State Line)
- I-77 Widening in Richland County for 2.6 miles from I-20 to SC 277. SCTIB will not exceed $38.701 Million.
- Malfunction Junction in Richland and Lexington Counties for 4.98 miles. Fund not to exceed $10 Million for preliminary engineering. This is the number 1 unfunded project on the Interstate Priority List and the No. 1 project Interstate priority list. This is to advance it to be shovel ready to receive state and federal funds at the earliest possible time. The fund is not to exceed $4 million for preliminary engineering for phase III of the I-85 widening to the North Carolina state line for 12.36 miles to advance it to be shovel ready to receive state and federal funds at the earliest possible time. Finally, the fund is not to exceed $6 Million for preliminary engineering for critical interstate projects or phases of such projects selected by SCDOT from an interstate improvement master plan developed to advance the Interstate priority List projects to be shovel ready to receive state and federal funds at the earliest possible time. The total funding for these 3 projects is not to exceed $20 Million.