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Madera County advances SR‑41 Expressway financing and mitigation plans; seeks $47M TIFIA loan
Summary
County staff told supervisors the SR‑41 Expressway construction estimate is nearly $100M and the project faces a $71M deficit; the board approved a $47M TIFIA letter of interest and related mitigation and escrow agreements to keep the project on schedule.
Madera County moved Tuesday to secure financing and environmental mitigation for the State Route 41 Expressway project, approving a letter of interest to seek a $47 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan and authorizing related mitigation and escrow agreements.
Public Works Director Dominic Tibersky said the project scope would widen SR‑41 from two to four lanes between Avenue 12 and Avenue 15, add an overcrossing at Avenue 11, and include signalized intersections and other improvements. Staff reported environmental and design are complete, right‑of‑way is at a certification stage, and the project is targeting a December advertisement with March construction start. A current construction estimate is just under $100 million; environmental mitigation and…
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