U.S. Sens. Blanche Lincoln and Mark Pryor and U.S. Rep. Vic Snyder announced Wednesday that $779,200 has been released by the U.S. Department of Transportation to aid the construction of a new interchange at Interstate 40 in Conway.

The new interchange in south Conway will connect I-40 to a proposed loop on the west side of the city. The Arkansas State Highway and Transportation Department will partner with the city of Conway to construct the new interchange, which will help ease traffic congestion in the area.

"I am pleased to announce this investment that will create construction jobs in Conway and relieve traffic in the Conway area," Lincoln said. "Arkansans rely on our road and highway infrastructure to travel and transport goods throughout our state, and I will continue working to secure federal funding for projects that promote Arkansas’ long-term economic development."

"Strong transportation infrastructure puts communities on the road to success, attracting businesses and families," Pryor said. "These funds for the I-40 interchange will help bring jobs and economic development opportunities to Conway and improve the quality of life for local residents."

"We have been awaiting this funding, and I am happy it is heading our way," Snyder said. "This project will create jobs and invest in Arkansas’ long-term economic growth, while also alleviating congestion for travelers both local and those passing through. This is great news!"

Arkansas State Highway and Transportation Department Director Dan Flowers said the proposed funding will be timely as the department and the city of Conway plan for future traffic demands in the area.