CHICAGO — Facing a funding crisis, the Missouri Highways and Transportation Commission has adopted a five-year budget plan that eliminates more than 1,000 positions and shutters facilities to save $500 million for project funding as the agency recedes from the ranks of frequent issuers.

Under the dramatic restructuring, the Missouri Department of Transportation will close 130 facilities, sell more than 740 pieces of equipment, eliminate 1,200 positions through a combination of attrition, transfers, and layoffs, and enact other management efficiencies. MDOT has a total staff of about 6,300.

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