The Triangle Expressway will be extended about 11 miles, as part of Phase 2 of the
around Raleigh, according to the U.S. Department of Transportation press release.
To fund the project, the department also announced Thursday that its Build America Bureau has approved a loan for nearly $417 million for the North Carolina Turnpike Authority (NCTA).
The Phase 2 project includes adding six interchanges, 24 bridges and 14 culverts. It is expected to be finished by 2028.
It also will connect to Phase 1’s under construction nearly 17-mile project.
“This important infrastructure project will provide congestion relief by allowing local north-south travelers options to avoid the busiest segments of 540 in southwest Raleigh,” Deputy Transportation Secretary Polly Trottenberg said. “Completing the route will also ensure the community has an additional evacuation route to help during emergencies such as hurricanes on the coast.”
NCTA Chief Financial Officer David Roy said the project will improve mobility.