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Indexed Fuel Revenues

What is Fuel Revenue Indexing?

Gas Pump
Fuel Revenue Indexing (FRI) funds are generated each time a motorist fuels their vehicle. A portion of every gallon of gas purchased in Clark County is funding critical transportation projects, creating jobs and improving the economy in Southern Nevada. Projects funded by FRI may be included in either the 3-year initial program from 2014-2016, or the 10-year extension through 2026.

What Will It Do?

FRI Projects
Ensuring efficient interconnectivity and mobility for more than 2 million residents in the valley and more than 41 million annual visitors is paramount to our region’s continued economic prosperity and sustainability.

Fuel Revenue Indexing is fueling our region’s future, providing the necessary funds to move forward with transportation projects that will benefit thousands of residents and visitors everyday – as well as support increased trade and economic development. The RTC remains committed to working with local jurisdictions to advance projects that will improve commutes, enhance pedestrian safety and create jobs to make our communities better places to live, work and play – now and in the future. It's all about Jobs. Progress. Growth.


What Has Been Done?

Fuel Revenue Indexing (FRI)

As of December 31, 2018, all 225 projects have been awarded - 171 are complete and 54 are under construction.

  • 78 local small businesses have been put to work
  • $628 million has been awarded in FRI funding
  • and approximately 8,101 jobs have been created. (direct, indirect and induced)

We anticipate that all 225 projects will be complete by the end of this year.

 

Fuel Revenue Indexing(FRI) Extension

As of December 31, we are happy to report that through the FRI extension we have:

  • Awarded 59 design and construction projects with agencies (43 design / 16 construction)
  • Put 16 local small businesses to work
  • Awarded $141 million in FRI funding
  • and created approximately 1,228 jobs. (direct, indirect and induced)
construction tape image

Note: Data associated with jobs, projects and bonding revenues could change pending variables that impact the economic environment, including: ten-year rolling average of the PPI (Producer Price Index), interest rates, fuel consumption, etc. For more information, please email the RTC at: RTCFRI@rtcsnv.com or call (702) 676-1754.