RALEIGH — N.C. Department of Transportation Secretary Gene Conti has awarded a contract to build an additional section of I-295, also known as the Fayetteville Outer Loop.
A $54.3 million contract was awarded to R.E. Goodson Construction Co. of Darlington, S.C. Work can begin as early as Oct. 31 and be completed by July 15, 2015.
The contract includes grading and paving more than 1.9-miles of I-295 from Yadkin Road to west of N.C. 24 (Bragg Boulevard). Work includes an interchange at All American Freeway. This section will connect Bragg Boulevard to All American Freeway.
This is one of 12 contracts totaling $91.3 million awarded by Conti in September for highway and bridge projects across North Carolina. The contracts were awarded to the lowest bidders, as required by state law, and came in at 3.6 percent, or about $3.4 million, below NCDOT estimates.
According to the Federal Highway Administration, every $1 million spent on transportation creates 30 jobs, and according to the construction industry, every dollar invested in transportation generates $6 in economic impact.
Since Gov. Bev Perdue took office in January of 2009, NCDOT has awarded 416 highway contracts totaling $3.3 billion to ensure that all North Carolinians have access to jobs and educational opportunities.