Information Systems Director
Phone: (573) 751-1345
Phone: (573) 751-1345
Financial Services Administrator
The Cost Share Program builds partnerships with local entities to pool efforts and resources to deliver state highway and bridge projects. When local entities are willing to partner with MoDOT, MoDOT matches their investment up to 50% of the project cost. MoDOT works in cooperation with the Missouri Department of Economic Development and local entities to determine when targeted investments can be made to generate economic development and may provide up to 100% of the project cost.
On Jan. 8, 2014, the Missouri Highways and Transportation Commission suspended the Cost Share Program due to declining transportation funding. On Jan. 4, 2017, the MHTC reactivated the Cost Share Program for fiscal year 2018.
During the third quarter of FY 2020, no new Cost Share Program projects were approved. For every $1 of Cost Share Program funds awarded in FY 2020, $1.68 of funds were leveraged, which is above the target. This includes the leveraging of an $81.2 million federal Infrastructure for Rebuilding America grant for the Rocheport Bridge/Mineola Hill project.
In addition, the Missouri General Assembly appropriated $50 million to MoDOT and the Missouri Department of Economic Development to create the Governor's Transportation Cost Share Program to build partnerships with local entities to deliver public road and bridge projects in FY 2020. Initially, the Governor's Transportation Cost Share Program funds of $50 million were approved for 20 projects. In the third quarter of FY 2020, an entity declined their award; therefore, returning $2 million to the Governor's Transportation Cost Share Program. With the declined award, the Governor's Transportation Cost Share Program funds of $48 million have been awarded for 19 projects. For every $1 of the Governor's Transportation Cost Share Program funds, local entities provided $0.83 of cash.
Purpose of the Measure:
This measure tracks local entity cash leveraged from the Cost Share Program.
Measurement and Data Collection:
Data for this measure is collected from a partnership database.
The target for this measure was set by management directive.