The Oklahoma Transportation Commission last week delayed the awarding of contracts for a number of highway projects due to questions over the continued availability of federal funding.

State Transportation Department director Gary Ridley said the state can only award contracts if it has the money to pay for them. As a result, he said, contracts financed with state or federal stimulus funds can be awarded, but those that rely on other federal sources cannot.

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.