Four projects in Greater Minnesota will receive a total of $1.85 million for infrastructure development under the state’s Transportation Economic Development program, the Minnesota Department of Transportation announced today.
Created in 2010 by the Minnesota Legislature, the TED program provides funding for infrastructure projects that create economic development opportunities, jobs and improvements to statewide transportation systems. While the funds for this program are allocated through MnDOT, the Department of Employment and Economic Development also evaluates the proposed projects and certifies those that may receive financial assistance.
“Infrastructure investments are a powerful way for us to bring more business to Minnesota,” said MnDOT Commissioner Margaret Anderson Kelliher. “Improving the geographic and funding balance provides statewide benefits.”
The following infrastructure projects were selected for 2020:
- IRRRB-Virginia ($315,000) – Reconstruct left and right turn lanes from Highway 53 to P and H Road to accommodate oversize mining equipment accessing the Komatsu site. This project will create 25 new jobs. Total cost of the project is $692,000.
- City of Annandale ($400,000) – Construct two roundabouts on Highway 24 to serve a health care facility, future commercial development and a school. Project will create 14 new jobs. Total cost of the project is $1,425,000.
- Crow Wing County ($729,050) – Construct a roundabout on Highway 210 to access a new commercial development in Crosby. The development anticipates that 15 new jobs will be created. Total cost of the project is $1,341,500.
- Nicollet County ($409,950) – Construct two interchanges on Highway 14 between Mankato and New Ulm. The interchanges are part of a larger project to convert Highway 14 to four lanes for commerce and safety purposes. Total cost of project is $1,850,000.