DALLAS — Louisiana’s top highway official told lawmakers on Wednesday that soon there will be no money available for new highway projects unless additional funding sources are provided.

William D. Ankner, director of the Department of Transportation and Development, told a joint meeting of four legislative committees that after fiscal 2010 declining state gasoline tax revenue will not provide enough money to build new highways or bridges.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.