Bonus Allocation Funding
The Strategic Transportation Investments (STI) law, passed in 2013, includes a provision to provide incentives for local governments to contribute funding to transportation projects and to support tolling for highway projects. The incentive is an allocation of funding, referred to as Bonus Allocation (BA), that can be used to fund the construction of other eligible highway projects. Whether the Bonus Allocation funds are generated by tolling or by local contribution, the projects programmed with these funds must be included in the Transportation Improvement Program (TIP). Therefore, the North Carolina Capital Area Metropolitan Planning Organization plays a critical role in the selection of these projects and ultimately has the final decision on whether to include them in the TIP.
For more information on NCDOT Strategic Prioritization and the Strategic Transportation Investments law see http://www.ncdot.gov/strategictransportationinvestments/.
CAMPO's Bonus Allocation methodology was approved by the Executive Board in April of 2020.
NC 540 Project Bonus Allocation
Early in 2020, CAMPO received notice from NCDOT that there will be a $100 million Bonus Allocation to the region as a result of the committed NC 540 project. The approved methodology was used to generate a list of proposed candidate projects for the Bonus Allocation funding from the NC 540 project, which was approved in April of 2020.