A bill outlining the state borrowing terms to fund a fiscal 2027 transportation bond law has reached Gov. Maura Healey for her review after the Senate enacted it on July 31.

This bond terms bill is associated with the $1.4 billion transportation bond law that the governor signed in June, which includes $300 million in Chapter 90 funding.

In addition to Chapter 90 funding, the transportation bond package authorizes the following infrastructure investments:
• $500 million for the Massachusetts Department of Transportation’s Bridge and Pavement Lifecycle Asset Management Programs
• $200 million for transportation improvements that support expanded housing development
• $200 million for a new Parkway Resilience Improvement and Safety Modernization (PRISM) investment program
• $200 million for the MBTA’s Rail Reliability Program

The Massachusetts Department of Transportation is accepting applications for Chapter 90-eligible projects, but reimbursements cannot be issued until the governor signs the associated bond terms bill.

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