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December 2, 2024
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Multiple Locations
Site Work
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$750,000.00
Public - State/Provincial
Multiple Locations, Houston, DE
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Project Description : The purpose of the traffic signal revolving fund is to provide a ready source of funding for the installation of intersection controls, such as, but not limited to, Traffic signals, all-way stops, roundabouts, necessitated wholly or in part by land development. Payments into and withdrawals from the fund will be strictly Governed by the approved deldot policy. Project Justification : It is recognized that the system of agreements presently used to fund the installation of traffic signals associated with new developments is onerous for Developers because it presents them with unknown costs that are outstanding for undetermined periods of time. Further, where applied to residential subdivision Entrances, the agreements often remain outstanding after the developer has completed the project, in which case it can be difficult for the department to collect On them. The traffic signal revolving fund addresses those concerns and provides a vehicle that is consistent, predictable and fair. As of September 21, 2024, the project is in Final Planning status. Anticipated Construction year is 2024. DEDOT - Traffic Signal Revolving Fund Program *Project information has been obtained through a public state transportation improvement plan (STIP). A STIP is a financial schedule for short- and long-range projects which is updated regularly. Information listed in the STIP often evolves based on funding availability. The project details, including timeline and value, are subject to change. The content management team will continue to pursue additional details as they become available.
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