Connecticut Resources

Bond Commission OKs tens of millions during Malloy’s final meeting

In near unanimous support, the state Bond Commission on Tuesday morning greenlit dozens of projects worth tens of millions of dollars, mainly geared toward transportation and economic-development initiatives.

The 50-minute special meeting was likely the last chaired by Gov. Dannel P. Malloy, who is nearing the end of his two-term governorship. Gov.-elect Ned Lamont will assume Malloy’s seat Jan. 9.

Malloy thanked the 10-member commission for its service during his tenure and lauded the group’s ability to unanimously agree on what he estimated was 98 percent of the borrowing requests acted on by the commission over that time.

“The state has made significant investments in its future. Its infrastructure is in far better shape than it was, although it has a long way to go, partially in the area of transportation,” Malloy said during the meeting held at the state legislative office building. “Our schools are stronger, our universities are in better shape than they were, our economic-development efforts have led to more private-sector jobs than in any time in our history.”

The largest approval on Tuesday was a $91.6 million request from the Connecticut Department of Transportation for various projects. That includes $78 million for improvements along Interstate 84 and more than $13.6 million for urban bikeway, pedestrian connectivity, trails and other programs.

See the full article from Hartford Business Journal online.