OCBC President and CEO Lucy Dunn also serves on the California Transportation Commission (CTC), which awarded $55.4 million in transportation funding for OC mobility improvement projects this past month. Infrastructure projects are a proven way to get people back to work and the economy moving in the right direction. OCTA reports that 2,960 jobs were created in OC through the third quarter of 2011/12 as a result of $164.4 million in construction contracts, a direct result of Measure M.
Of the $55.4 million awarded to OC, $48 million will go to the Orangethorpe Avenue Grade Separation project, which will build an overcrossing over the Burlington Northern Santa Fe mainline. Construction of this grade separation is also funded with local Measure M sales tax and federal funds. Construction will cost approximately $73 million and will create 1,314 jobs. $4.5 million will go to the Tustin Ranch Road Extension Project, $1.3 million to the La Paz Road Bridge Widening Project in Mission Viejo, $1.1 million in State Highway Operation and Protection Program to repair a landslide near Cabot Road in Laguna Niguel, and $0.5 million in Transportation Enhancement funds to a median enhancement project along Pacific Coast Highway in Dana Point. For more information contact Kate Klimow, Vice President of Government and Community Affairs.