NC DOT Secretary: Funding Falls Short For Road Projects

North Carolina Secretary of Transportation was in Jacksonville Tuesday talking about the billions of dollars worth of road projects in the works and how exactly to pay for them.

Gene Conti says road closed signs will be a sight for many across the state and here in the east for the next several years with more development and an increase in population.

The Department of Transportation says it has identified $50-billion worth of projects needed in the state between now and 2024, and there is only $10.5-million in revenue coming in.

Conti says, "The gas taxes are a stable source right now but that is not holding up so well because all these cars are getting more mileage and so on. We are looking at tolling where that is appropriate and looking at other finance tools."

The state has not decided what roads would have tolls but are considering that option right now.

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