RTA Priority: Create a “FAST” mobility fund to accelerate low-cost congestion relief projects
The regional business community is seeking a faster way to fund lower cost projects. A “FAST” mobility fund – potentially created by dedicating a portion of unanticipated additional fuel tax revenues – would focus on accelerating smaller projects to provide congestion relief in a timely manner.
The Strategic Transportation Investments law has removed politics from transportation prioritization, and that has advanced a number of major projects for our region and state. A FAST mobility fund (or similar) would complement the success of STI for smaller projects, such as advancing potential rapid intersection improvements to the Multimodal 54 corridor between I-40 and Chapel Hill and various roads and streets regionwide.
RTA is working with NCDOT and other partners to identify funding opportunities.