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F I S C A L   I M P A C T   R E P O R T

 

 

 

SPONSOR:

Ruiz

 

DATE TYPED:

02/14/03

 

HB

HJM 1

 

SHORT TITLE:

I-40 & Coors Blvd Interchange

 

SB

 

 

 

ANALYST:

Gilbert

 

APPROPRIATION

 

Appropriation Contained

Estimated Additional Impact

Recurring

or Non-Rec

Fund

Affected

FY03

FY04

FY03

FY04

 

 

 

NFI

 

 

 

 

(Parenthesis ( ) Indicate Expenditure Decreases)

 

SOURCES OF INFORMATION

 

LFC Files

 

Response Received From

State Highway and Transportation Department (SHTD)

 

SUMMARY

 

     Synopsis of Bill

 

House Joint Memorial 1 requests the State Highway Commission and the State Highway and Transportation Department (SHTD) to expedite construction of the I-40/Coors Boulevard interchange improvement project and that a copy of this memorial be delivered to the cabinet secretary of the SHTD.

 

FISCAL IMPLICATIONS

 

According to SHTD, inclusion of this project in the Statewide Transportation Improvement Program will require a concurrent listing by Mid-Region Council of Governments in their Transportation Improvement Program. Funding of $60.0 million will be necessary for this project. The SHTD has included this project in a request to the Federal Highway Administration for future high priority projects funding.

 

OTHER SUBSTANTIVE ISSUES

 

The I-40 Coors Blvd. interchange is a high very priority for the SHTD, but other rapidly aging and deteriorating segments of the Albuquerque urban area interstate system rate as higher priorities, as outlined below:

 

            I-40, Carlisle to Tramway (Est. $68.0 million)

            I-40, Tijeras Canyon (Est. $60.0 million)

            I-25, Tramway to Bernalillo (Est. $43.0 million)

           

However, SHTD and the Mid-Region Council of Governments list the I-40/Coors Boulevard interchange in the regions Metropolitan Transportation Plan as a long-term priority.

 

 

RLG/njw;yr