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7 . <br /> Data collected from July 1, 1992 through June 30, 1995 shows that the accident rate <br /> along this portion of Homestead Road is approximately 2.5 times the ;statewide average on <br /> similar routes. Currently, traffic volumes on Homestead Road range from 4,800 vehicles per day <br /> (just west of Rogers Road [SR 1729]), to 9,800 vehicles per day (just west of NC 86). In the <br /> year 2020, anticipated traffic volumes range from 9,800 vehicles per day (just west of Rogers <br /> Road [SR 1729]),to 17,000 vehicles per day(just west of NC 86). <br /> The proposed improvements include widening the existing cross-section to a three-lane <br /> shoulder section. Paved shoulders that can be used by cyclists will also be provided. The <br /> widening is expected to require 30 meters (100 feet) of right of way plus easements. NCDOT is <br /> studying both symmetrical and asymmetrical widening alternatives. <br /> PROJECTSCHEDULE AND COST <br /> The schedule for right of way acquisition and construction of thi:i project, as well as <br /> preliminary cost estimates, are summarized below: <br /> PROJECT SCHEDULE AND ESTIMATED COST <br /> PROJECT STAGE PROGRAM SCHEDULE CURRENT COST <br /> RIGHT OF WAY ACQUISITION FY 2000 $ 1,900,000 <br /> CONSTRUCTION FY 2001 $ 1,600,000 <br /> TOTAL PROJECT COST $ 3,500,000 <br /> CURRENT STATUS <br /> Currently, planning and environmental studies for the proposed improvements to <br /> Homestead Road (SR 1777) are in progress. Planning studies and conclusions regarding this <br /> project will be summarized in an Environmental Assessment, which will address the impacts that <br /> the proposed highway project may have on the natural and human environment. The <br /> Environmental Assessment is scheduled to be completed in March, 1998. It is anticipated that a <br /> public hearing for the project will be held in the spring of 1998. <br />