Interstate interchanges debt service
Formula Grant Awarded Last action
- Award ID
- 693JJ22130000Z970SCIIDS001
- Recipient
-
South Carolina Department Of Transportation UEI G5K5H3T2XK59 Part of State Of South Carolina
- Awarding agency
-
Federal Highway Administration
Department of Transportation
- Obligated
- $4,815,416
Award facts
- Assistance listing
- 20.205 Highway Planning and Construction
- Completion date
- Not on record
- Place of performance
- South Carolina, USA
Award details come from USAspending.gov.
About this award
The South Carolina Department of Transportation received a $4.8 million Formula Grant award from the Federal Highway Administration on August 26, 2021 under the Highway Planning and Construction program (CFDA 20.205). The grant funding will support debt service payments totaling $125.5 million for principal and interest costs associated with interstate interchange projects in South Carolina. As a pass-through award, the South Carolina Department of Transportation will administer the funding on behalf of the State of South Carolina to cover infrastructure financing obligations for highway interchange construction. The Highway Planning and Construction program aims to assist states in maintaining and improving highway infrastructure through various transportation programs, including support of capital financing costs.
Description
- Project description
- Interstate interchanges debt service - total principal = $82,289,503.43 total interest = 43,247,395.91
Transactions
| Action | Obligated | Date |
|---|---|---|
| Amendment | $295,168 | |
| Amendment | $295,168 | |
| Original award | $4,225,080 |
Quick answers
Who received award 693JJ22130000Z970SCIIDS001?
693JJ22130000Z970SCIIDS001 was awarded to South Carolina Department Of Transportation by Federal Highway Administration (Department of Transportation) on August 26, 2021.
How much is award 693JJ22130000Z970SCIIDS001 worth?
$4,815,416 has been obligated on 693JJ22130000Z970SCIIDS001.
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