The Monroe Bypass moved one step closer to reality Tuesday, Nov. 8, as the North Carolina Local Government Commission approved the request to sell bonds. Transportation Secretary Gene Conti made the announcement after a decision was reached.
“After we sell these bonds, we will be ready to deliver a project that has been on the books for decades,” Conti said in a press release. “Today comes after years of hard work and commitment to doing the right thing for the community and the environment.”
The approved package allows the Turnpike Authority to sell the remainder of the project’s toll revenue and state appropriation bonds. Between this amount and the bonds already sold in 2010, the financed cost comes up to $725 million.
Turnpike officials said they hope to sell the bonds next week. If that happens, Conti will sign off on the design-build construction contract with the joint company including Monroe based Boggs Paving, Anderson Columbia Company, United Infrastructure and design firm Rummel, Klepper and Kahl LLP.
Also after the bonds sell, title work and relocation planning on right of way will begin.
A community workshop and project kick off is set for Dec. 5 from 4 to 8pm at the Union County Agricultural Center, 3230-D Presson Road in Monroe.