I-12 widening expected to cost $52 million
Louisiana will dedicate $52 million in federal highway dollars to St. Tammany Parish for the widening of Interstate-12 from US 190 to La. 59, state officials said Thursday. The parish will contribute $8 million to the project, which includes widening bridges and adding a third lane in each direction.
The project will consume most of the $76.2 million in previously budgeted federal funds that are being redistributed to Louisiana because other states were unable to use their share before the end of the federal fiscal year.
“It is not lost on us that this we received the lion’s share of the total allocated state funds, and we are excited that the I-12 project is a priority, soon to become a reality,” said St. Tammany Parish President Pat Brister. “We have long touted the need for this project.”
State to spend $41.7 million for Lafourche Parish storm protection
Gov. John Bel Edwards on Thursday signed an agreement allocating $41.7 million for eight storm protection projects in Lafourche Parish.
The total includes $5.6 million in state surplus, with the rest coming from Coastal Protection and Restoration Authority funds obtained through the federal Gulf of Mexico Energy Security Act, the Edwards administration said.
The North Lafourche Levee District will oversee five projects, while three are within the South Lafourche district. Projects include new levees, enhancements of existing levees, and the replacement of an old pump station.
State Farm plans to cut auto insurance rates in Louisiana
State Farm Mutual Automobile Insurance Company, the largest auto insurer in Louisiana and in the nation, has filed to cut its rates by an average of 2.6 percent in Louisiana, the company announced Thursday.
This is the fourth time in the last two years State Farm has lowered auto rates, the company says, leading to an overall reduction of 10.4 percent. State Farm Vice President of Agency Mark Cockerham credited “improving expenses and losses” for the company’s ability to make the reductions.
Changes in premiums for individual motorists will vary depending on the details of their policies. The proposed effective date for new and renewal business is November 25.