The U.S. Department of Transportation this week announced a low-interest loan of up to $48.2 million to reconstruct 12 miles of Highway 14 to a four-lane divided highway from New Ulm to Nicollet, passing through Courtland.
The loan — for a project that will improve safety on a critical rural highway — goes to the Minnesota Department of Transportation and Minnesota Management and Budget and is the first Minnesota loan under the program. The loan, part of the Rural Projects Initiative, is for half the treasury rate and will cover nearly half the $98.38 million project cost.
The project, which is expected to be completed in 2024, will include a new interchange, safer intersections in New Ulm, new turn lanes, replacement of three bridges and construction of two new bridges. Safety improvements and modernization will include improved lighting, intelligent transportation systems and a snow fence.
"These improvements will both provide a higher quality of life for rural Minnesotans and save lives." said Deputy Transportation Secretary Polly Trottenberg.
The U.S. Department of Transportation has closed $38.6 billion in these financings under the President's Bipartisan Infrastructure Law. Highway safety is seen as especially vital in rural areas, where a disproportionate number of traffic injuries and fatalities occur.
REID FORGRAVE
ST. CLOUD
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