April 5, 2017- The purpose of the Cost Share Program is to build partnerships with local entities to pool efforts and resources to deliver state highway and bridge projects. The Missouri Department of Transportation (MoDOT) allocates Cost Share funds based on the Missouri Highways and Transportation Commission’s (MHTC) approved funding distribution formula. At least 10 percent is set-aside for projects that demonstrate economic development through job creation. Projects are selected by the Cost Share Committee, which consists of the Chief Engineer, Chief Financial Officer and the Assistant Chief Engineer. They are then recommended for approval by the MHTC via a STIP amendment.
The Cost Share Program provides financial assistance to public and private applicants for state highway and bridge projects satisfying a transportation need. Applications will be due June 30, 2017. For more details see the program guidelines here.