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USDOT Announces $75M Loan for High Occupancy Vehicle Lanes on US 101 in Santa Barbara County, California

SANTA BARBARA COUNTY, CA — The U.S. Department of Transportation announces that its Build America Bureau has provided a low-interest loan totaling $75 million to the Santa Barbara County Local Transportation Authority to construct a 7.5-mile extension of the High Occupancy Vehicle (HOV) lanes on US 101 in Santa Barbara County, California. The Bureau helps communities across the country reduce the costs of infrastructure projects by providing Transportation Infrastructure Finance and Innovation Act (TIFIA) loans, and other types of financing.

The $456-million project also includes rebuilding interchanges at Sheffield Drive and Cabrillo Boulevard, sound wall installation, and creek crossing improvements. The interchange improvements will enhance safety for automobile drivers, freight carriers, bicyclists, and pedestrians. The addition of the HOV lanes provide better collision response times for first responders and prevent secondary collisions. Already under construction, the project is expected to be complete in 2025. 

“USDOT’s investment in the expansion of US 101’s HOV lane will reduce barriers to opportunity for low-income workers who rely heavily on this corridor to commute from homes in Ventura County to employment centers in South Santa Barbara County,” said Deputy Transportation Secretary Polly Trottenberg. “In addition to better connecting this community to existing employment opportunities, this investment will also generate 5,000 to 6,000 new good jobs in the region.”

“The Bureau partnered with the Santa Barbara team to finance this project that will benefit tens of thousands of commuters,” said Bureau Executive Director Morteza Farajian. “This multi-modal approach relieves congestion while encouraging more efficient, higher occupancy trips, including express bus services. The project creates $1.3 billion in savings to the public, commuters, and the freight industry.”

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