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Maine Voters Endorse $100M Transportation Bond

Maine voters have approved a $100 million bond issue for transportation-related projects.

The bond issue will finance the construction, reconstruction and rehabilitation of highways and bridges.

It'll also pay for facilities, equipment and acquisitions of property related to ports, harbors and freight and passenger railroads. It will apply to marine transportation, aviation, transit and bicycle and pedestrian trails as well.

State officials say the money will be used to match an anticipated $137 million in federal and other funding.

State Treasurer Terry Hayes estimates the total interest and principal expected to be paid on the bonds is $133 million.