Massachusetts will invest $1.62 billion over the next three years in transportation infrastructure projects, as Gov. Deval Patrick yesterday signed into law an overall $3.5 billion bond bill to update roads, bridges, and tunnels throughout the commonwealth.

The $3.5 billion initiative includes $1.9 billion of matching federal dollars, with the state borrowing $1.62 billion of general obligation bonds to improve transportation infrastructure. The bonding could also spark employment as officials anticipate beginning construction projects this summer.

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