OCTA to Save $482 Million on I-405 Improvement Project

Construction takes place on Interstate 405 in Costa Mesa, Calif., on Oct. 22, 2020. On the local level, the city is preparing to start citywide road repairs in November 2020. John Fredricks/The Epoch Times

The Orange County Transportation Authority (OCTA) announced Oct. 25 a savings of $482 million on the Interstate 405 improvement project through debt service savings, a big help on the $2.1 billion project.

“I’m proud of OCTA for being proactive in taking advantage of low-interest rates to help save millions of dollars for our taxpayers,” OCTA Chairman Andrew Do said in a statement.