DOVER, Del. (AP) - Delaware transportation officials say a new study is forcing them to rethink their approach to a long-planned road project in northern Delaware.
DelDOT officials said Friday that a consultant's traffic projection study for the U.S. 301 mainline project shows far fewer motorists using the road than previous studies done by a different consultant have estimated.
That means less projected toll revenue from the roughly $600 million project, which in turn reduces the amount of money that can be borrowed through toll-backed revenue bonds.
DelDOT officials now say the state will need to come up with at least $72 million in cash to pay for the road. Officials will work with state lawmakers to decide how to proceed and say the development will delay the project by at least six months.
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