The New Mexico Department of Transportation (NMDOT) sold approximately $220 million in 2026 Series A Bonds on June 9. The sale closes on June 30 and will fund major infrastructure investments statewide.
Bonds will fund the following:
• $125 million – Border Connector, District 1, Doña Ana County
• $74.8 million – Nogal Canyon Bridge Replacement, District 1, Socorro County
• $19.6 million – Interstate 40 Bridge Replacement, District 6, McKinley County
The sale is part of a $1.5 billion transportation bonding program, one of the largest transportation funding actions in state history, that will begin to address a $7.5 billion transportation funding shortfall.
“The ability to invest in transportation needs at this scale couldn’t come at a more critical time,” David Quintana, acting NMDOT cabinet secretary, said. “Stable, long-term revenue is essential for the large investment projects New Mexico needs. These dollars will allow us to plan, rebuild aging infrastructure and reduce costs for drivers.”
According to the 2026 TRIP report, more than half of New Mexico’s roads require maintenance, 34 percent are rated in poor condition and 22 percent in mediocre condition. These roads cost an estimated $3.3 billion annually in vehicle operating costs, crashes and delays, averaging more than $1,000 annually per driver in repairs and wasted fuel.