Federal grant · formula grant (a)

Transportation, Michigan Department of

Project Title: I-75 From 8 Mile RD to North of 13 Mile RD :::: Project Description: the Project Is for the Design, Build, Operate, Finance and Maintenance of I-75 Segment 3 With a Contract Term and Availability Payments Lasting 30 Years.;from 8 Mile Road to North of 13 Mile Road; ,

Committed

$266.5 Million

Paid out
$257.3M
97%
Committed, not yet paid
$9.2M
3%

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗