The South Carolina Transportation Department receives federal grant money for a long-awaited project to connect the Grand Strand to the interstate highway system.
The South Carolina Department of Transportation is moving closer toward beginning construction on the state’s Interstate 73 project. The U.S. Department of Transportation announced Wednesday it was awarding the state $10 million of the requested $300 million from Transportation Investment Generating Economic Recovery Grants, known as TIGER grants. The grant includes optional innovative financing enhancements to support a direct loan for up to a third of the project costs.
In December, South Carolina U.S. Representatives Jim Clyburn, Henry Brown, and John Spratt met with Department of Transportation Secretary Ray LaHood to discuss the need for federal funding for I-73. Completion of I-73 would link Myrtle Beach to I-95, traveling through Horry, Marion, Dillion, and Marlboro Counties. The project would add more than $1 billion to the local economy, create thousands of construction jobs and cut hurricane evacuation times from the Grand Strand by 11 to 15 hours.