Local Entity Cash Leveraged for Cost Share Program -6f

The Cost Share Program builds partnerships with local entities to pool efforts and resources to deliver state highway and bridge projects. When local entities are willing to partner with MoDOT, MoDOT matches their investment up to 50% of the project cost.

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Write Up:

The Cost-Share Program builds partnerships with local entities to combine resources and efforts toward delivering state highway and bridge projects. When local entities are willing to partner with MoDOT, the department matches their investment up to 50% of the project cost. MoDOT works in cooperation with the Missouri Department of Economic Development (DED) and local entities to determine when targeted investments can generate economic development, and in some cases, may provide up to 100% of the project cost.

In fiscal year 2025, the Cost-Share Program funds of $8 million were committed to five projects. For every $1 of Cost-Share Program funds awarded, 44 cents of local cash were leveraged. This includes the Improve I-70 Program’s I-70 Interchange Improvements at Route T and Route W project, the Warren County Commission’s Veterans Memorial Parkway (I-70 South Outer Road) and Heartland Drive Intersection Improvements project that demonstrated economic development, allowing for funding greater than 50% of the total project costs from the Cost-Share Program.  These projects result in local cash leveraged below the target of $1.  

In FY 2023, the Missouri General Assembly appropriated an additional $75 million for the Governor's Transportation Cost-Share Program. In FY 2023, funding was awarded to 28 projects. For every $1 awarded through the Governor's Transportation Cost-Share Program, 91 cents of local cash were leveraged.

In FY 2021, Missouri’s General Assembly appropriated $50 million to MoDOT for collaboration with the DED to create the Governor's Transportation Cost-Share Program and build partnerships with local entities to deliver road and bridge projects. In FY 2021, funding was awarded to 20 projects. For every $1 awarded through the Governor's Transportation Cost-Share Program, 82 cents of local cash were leveraged.     

Purpose of the Measure: 

This measure tracks local entity cash leveraged from the Cost Share Program. 

Measurement and Data Collection:

Data for this measure is collected from a partnership database.

The target for this measure was set by management directive.

Result Driver

Contact Photo
Todd Grosvenor
Todd Grosvenor
Title
Financial Services Director
Department
Financial Services
Contact Info

Email: Todd.Grosvenor@modot.mo.gov

Phone: (573) 751-4626

Measurement Driver

Contact Photo
sunny photo
Sunny Wilde
Title
Financial Services Administrator
Department
Financial Services
Contact Info

Email: sunshine.wilde@modot.mo.gov

Phone: 573-526-3690