CARLSBAD, N.M. (AP) A coalition of energy companies has thanked government leaders after receiving millions of dollars of road improvements in the southeast New Mexico.

Democratic Gov. Michelle Lujan Grisham signed the $7.4 billion state budget for next year, which includes $300 million for roadway infrastructure and improvements, the Carlsbad Current-Argus reported.

Lawmakers agreed to allocate $87 million for road projects across southeast New Mexico from that funding, said Tracee Bentley, CEO of the Permian Strategic Partnership.

"The approved budget and legislation will have an enormous impact on road safety advancements in southeastern New Mexico," Bentley said. "The projects supported through this funding will allow for direct action to improve priority roads projects in local communities, as well as help expedite work already under way on state roadways."

Permian Strategic Partnership said in a statement that the recently approved funding is in addition to critical transportation funding already given to local projects in recent years, including work on State Road 128 and U.S. Route 285.

Bentley said the state will now have opportunities to secure federal funding for road projects through proposed infrastructure investments moving through Congress.

"We appreciate legislators like Sen. Gay Kernan and State Rep. Cathrynn Brown (R-55), who understand the region and our local communities, representing the Permian in the Legislature," Bentley said, adding that Department of Transportation Secretary Michael Sandoval demonstrated a commitment to supporting roads in the Permian Basin.

Today's top stories

Florida's Sarasota Bradenton International Airport Sees $105M Terminal Expansion

Louisville Pump Station Receives $230M Update

Rokbak Haul Track Telematics Boost Uptime With Proactive Maintenance

SISO Air, InTerra Form Strategic Reseller Agreement

Hitachi Construction Machinery Wins Silver in 2024 Anthem Award

Balfour Beatty's Carolinas Operations Selected for Over $36M in Special Project Works

Caterpillar to Spotlight 'Next 100 Years' at CES 2025

Liebherr to Exhibit at World of Concrete 2025