Senate officially passes infrastructure bonding bill
The Missouri Senate passed a massive infrastructure bonding bill Monday.
The bill creates $301 million in bonds to be paid back over seven years to expedite the repair of hundreds of bridges in Missouri. That money is contingent upon the Missouri Department of Transportation receiving a highly competitive federal grant. It also includes $50 million allocated from the general revenue to “jump start” certain bridge projects.
“We are thrilled to see the Senate take significant action today on our shared priority of infrastructure,” Gov. Mike Parson said in a statement Monday. “Today’s strong bipartisan vote is a result of focused efforts by the legislature as we work together on an infrastructure plan to move Missouri forward.”