Colorado will receive more than $500 million in American Recovery & Reinvestment Act funds for transportation projects statewide, with CDOT receiving nearly $330 million in federal highway funding and another $12.5 million in federal transit funding for projects in non-urbanized rural areas. The ARRA will also provide additional transportation funding directly to transit agencies and the three large metropolitan planning organizations in the state � Denver Regional Council of Governments, Pikes Peak Area Council of Governments and the North Front Range Metropolitan Planning Organization � for their prioritized projects.
As a requirement of ARRA, CDOT had to have 50% of its funding committed to projects within 120 days. The remaining funding must be allocated to projects within one year.