The State Route 156/Castroville Boulevard Interchange project is the first of three segments that make up the larger State Route 156 Widening project. The proposed budget is estimated at $42,950,000, assuming funding from the following sources:
$ 2,150,000 Measure X (secured)
$19,800,000 State Transportation Improvement Program (secured)
$ 5,000,000 Regional Development Impact Fees (secured)
$16,000,000 Senate Bill 1 (SB1) Trade Corridor funds (future application)
SB1 Trade Corridor funding would not be available if Proposition 6 (on the November ballot) passes, repealing the SB 1 gas taxes; this would result in a funding shortfall for this project.