The Colorado Department of Transportation adopted a Statewide Transportation Plan Thursday to guide its investment in the future of multi-modal public transit over the next 25 years.
The plan includes methods of preserving, maintaining and improving the safety, efficiency and accessibility of transportation throughout the state, according to a CDOT news release.
“The 2040 Statewide Transportation Plan serves as an excellent starting point for moving CDOT into the position of becoming the best DOT in the nation,” Shailen Bhatt, CDOT executive director, said in the release. “This bold and achievable goal is only reached through a clear blueprint for maintaining and improving the state’s transportation system over the next 10 to 25 years – and the 2040 Statewide Transportation Plan is the innovate blueprint that will help CDOT achieve this.”
The state’s transportation department also outlined everal strategic initiatives to achieve the outlined goals, according to the release.
“These are exciting but challenging times for transportation in our state. Increasing population and employment are putting greater demand on the existing statewide transportation system. Changing demographics and travel behavior are increasing demand for greater modal choice,” Ed Peterson, Transportation Commission Chair, said in the release. “Our transportation system is a key element of a vibrant and globalized state economy. Transportation investments will create and enhance access to jobs, enhance freight movement, support increased trade, and improve economic competitiveness.”
The plan also identifies that annual funding for transportation can no longer keep pace with the costs of operating, maintaining, and improving the statewide transportation system, outlining an approximately $800 million annual gap to meet the needs of Colorado.
“Like many other states, Colorado needs to explore funding options and finance mechanisms to stretch dollars further, replace declining gas tax revenues, and reduce dependency on uncertain federal funding,” Bhatt said.
The full plan can be accessed here.