Toms River will receive $5.6 million in federal funding for its Downtown Loop Road Project, according to an announcement on December 11.
The money will come from a Better Utilizing Investments to Leverage Development (BUILD) Transportation Grant. The project will create a loop between the Garden State Parkway and waterfront business district by elevating and reconstructing Herflicker Boulevard as a one-way complete street, converting Water Street to a one-way complete street, and making roadway improvements and upgrades on connecting roadways.
The Downtown Loop was one of 91 projects funded by BUILD grants totaling $1.5 billion.
“BUILD transportation grants are major investments in road, rail, transit, and port projects that serve as a down payment on this administration’s commitment to America’s infrastructure,” said U.S. Transportation Secretary Elaine L. Chao.
Demand for BUILD grants far exceeded available funds, DOT said. Eight hundred fifty one applications from all 50 states, as well as U.S. territories, and the District of Columbia were sent in response to the Notice of Funding Opportunity (NOFO), nearly double the applications received in 2017. Overall, applicants in 2018 requested more than $10.9 billion in funding.