Nevada issued $100 million in bonds for highway projects on Wednesday, including work on the Carson City bypass and I-580 project.
The highway bonds were included as part of the funding recommended in the Nevada Department of Transportation budgets for highway projects around the state. Altogether, some $150 million is included in that budget to finish the northern half of the bypass project to U.S. 50 and begin design work as well as acquire land for the southern half.
The budget also includes final preparation and design on the I-580 project so that major construction can begin on the final segment of freeway between Carson City and Reno in 2002.
The rest of the bond money will go into the U.S. 95 project in Las Vegas.
Treasurer Brian Krolicki said there was great interest in the bonds with bids offered by five major financial institutions. Dain Rauscher won the highway bonds.
Over the next 10 years, the state plans to spend about $285 million on the bypass and another $230 million on I-580.
