Patrick unveils 5-year, $12 billion capital plan

BOSTON – Gov. Deval Patrick last week unveiled a five-year capital investment proposal to spend $12 billion on higher education facilities, road and bridge repairs, transportation projects and housing.
In a statement, Patrick said that the plan will include a 186-percent increase in state higher education investments, with public colleges receiving $750 million over five years for capital improvements.
More than $1.1 billion is budgeted for transportation for fiscal 2008, which includes $613 million for statewide road and bridge repair projects. The five-year total for transportation is expected to be $5.72 billion.
The plan also includes $90 million for public housing, an increase of $30 million from 2007.
“We are committed to restoring our Commonwealth’s assets and to ensuring the long-term health, safety and prosperity of our citizens,” Patrick said in the statement. “Today we start reversing decades of neglect of our public colleges and universities, our roads and bridges. And we move closer to creating quality, well-paying jobs so that Massachusetts can remain competitive in our global economy.”

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