CAR-POOL LANE PLANS ON TRACK MTA OKS FUNDS FOR INTERCHANGE.Byline: Jim Skeen Staff Writer LANCASTER - A $126.6 million construction project to add car-pool lanes between the Antelope Valley Freeway The Antelope Valley Freeway is a freeway in Los Angeles and Kern counties in southern California. It is signed as California State Highway 14 along its length. It connects Greater Los Angeles to the rapidly developing Antelope Valley. and Interstate 5 will stay on schedule, despite a $45.6 million increase in expected costs. The Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Metropolitan Transportation Authority board voted Thursday to include that project and several others in a plan that shifts $618 million in state and federal funds Federal Funds Funds deposited to regional Federal Reserve Banks by commercial banks, including funds in excess of reserve requirements. Notes: These non-interest bearing deposits are lent out at the Fed funds rate to other banks unable to meet overnight reserve to keep work moving forward despite hefty price increases. ``We're so pleased with that,'' Lancaster Mayor Frank Roberts, an MTA (1) (Message Transfer Agent or Mail Transfer Agent) The store and forward part of a messaging system. See messaging system. (2) See M Technology Association. 1. (messaging) MTA - Message Transfer Agent. board member, said of the project's inclusion in the plan. ``That'll take care of us.'' Adding car-pool lanes through the I5-14 interchange is the ``main mission'' for north Los Angeles County, Roberts said. Roberts said the new lanes are vital for serving Antelope and Santa Clarita valley The Santa Clarita Valley is the valley of the Santa Clara River in Southern California. It stretches through Los Angeles County and Ventura County. Its main population center is the city of Santa Clarita. The valley was part of the 48,612-acre (19,672. commuters, tens of thousands of whom crowd the interchange daily. The connector project is in the design stage. Transportation officials are trying to expedite it for a tentative completion date of mid-2009. The connector would make commutes easier for residents of the Antelope and Santa Clarita valleys by easing congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. and providing continuity of the car-pool lanes on both freeways. The connector is among seven major highway projects planned for this decade for which MTA officials say costs have collectively increased by more than $1.15 billion from original estimates. MTA officials said rising costs of construction materials, blamed on booming global construction, and real estate are among the reasons for the increase. Southern California's construction boom also has kept contractors busy and prompted fewer of them to bid competitively on major highway projects. Recently, construction projects over $5 million have averaged fewer than two bids each, officials said. Jim Skeen, (661) 267-5743 james.skeen(at)dailynews.com |
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