Gov. Mike Easley said Wednesday that he will fast-track more than $700 million in capital projects across the state in an effort to kick-start the North Carolina economy.
Easley's actions push up by two months the timeline for the projects, including more than $200 million in work at North Carolina Central University, North Carolina State University and the University of North Carolina at Chapel Hill.
Now, the Council of State will approve financing for the projects in early January, with the state floating bonds shortly thereafter. Easley's press secretary, Renee Hoffman, says the bond sale will give the state the $200 million it needs to fund the first 12 months of the projects. Principal and interest payments won't start for about six months, Hoffman says.
The governor's office estimates that some 26,000 people could be hired to work on the projects.
0 Comments. What Do You Have To Say / Reviews About:
Post a Comment