The Central Florida Expressway Authority (CFX) Board voted unanimously to adopt a $1.6 billion work plan, the largest ever in the agency’s history. The plan will fund capital and maintenance improvements to CFX’s expressways over the next five years, and includes approximately 40 miles of widening of existing expressways, 60 miles of resurfacing, improved roadway lighting and signs, a new state-of-the-art toll collection system and safety projects.
Some of the largest investments in the plan is completing CFX’s sections of the Wekiva Parkway (scheduled to fully open in spring 2018), and a $230 million contribution to the state to be used for the I-4 Ultimate SR 408/I-4 Interchange project. CFX plans to have its work plan projects designed, built and operational by 2022 – the end of the new work plan.
CFX’s $1.6 billion Five-Year Work Plan is projected to create over 11,000 jobs in Central Florida and contribute $1 billion in gross domestic product to the local economy. Studies indicate drivers on CFX’s expressways will save up to 32 travel hours annually. About CFX’s Five-Year Work Plan The Five-Year Work Plan is part of CFX’s budget process and serves as an important tool for the agency to effectively manage its program of system improvements, enhancements and rehabilitation.
The purpose of the work plan is to identify those projects which CFX anticipates funding during the next five years. The work plan is also used in conjunction with the financial management programs used by CFX. The work plan is updated annually and presented to CFX’s Governing Board each spring for adoption.