AUGUSTA — If voters approve a $105 million, 10-year bond on Nov. 7, funding will be designated  for highways, bridges, marine transportation, railroads and other transportation and environment-related projects. 

The money would be matched by $137 million in federal funds.

Of the total, $80 million would go for state highway projects and associated improvements, for the department’s municipal partnership initiative and to replace and rehabilitate bridges. 

Another $20 million would provide funds for facilities or equipment, including property acquisition, related to ports, harbors, marine transportation, aviation, freight and passenger railroads, transit and bicycle and pedestrian trails that preserve public safety or otherwise have demonstrated high economic value,” according to the accompanying legislation.

About $5 million would go to the Department of Environmental Protection for  a competitive grant program that matches local funding for the upgrade of municipal culverts at stream crossings to improve fish and wildlife habitats and increase community safety.

According to the state treasurer’s office, the total estimated lifetime cost is $133 million, representing $105 million in principal and $28 million in interest, assuming 5 percent interest over 10 years.

— Senior Staff Writer Tammy Wells can be contacted at 324-4444 (local call in Sanford) or 282-1535, ext. 327 or twells@journaltribune.com.