Los Lunas gets $8 million for I-25 corridor, approves interim budget
Los Lunas added about $8 million to the I-25 corridor build and kept its interim budget in place as the long-delayed project moves toward a 2029 finish.
Los Lunas Village Council members added about $8 million in capital outlay money for the I-25 Corridor and Los Lunas Boulevard project and approved an interim budget, keeping the village’s biggest infrastructure effort moving while the next full spending cycle remains in place.
The project was conceived in 2001 and later described by local and state leaders as the largest locally led infrastructure effort in New Mexico history. NM 6, or Main Street, is still the only Interstate exit for Los Lunas and the only crossing opportunity over the Rio Grande for village and county residents, and about 40% of vehicles traveling on NM 6 do not stop in town. A second interchange is meant to improve traffic flow, open access to high-growth areas and strengthen emergency response.
Phase one carries a price tag of about $185 million and includes a full interchange at Morris Road, a river bridge, intersections at Sichler Road, NM 314, Edeal Road and NM 47, plus a multi-use pedestrian and bicycle path. The village broke ground on the work in August 2025, and officials have said the first phase could cut Main Street traffic by more than 40% while taking up to four years to finish. A later village update put the projected completion date at April 2029 and said the bridge portion would stretch about 2,500 feet.
The $8 million boost builds on a funding stack that the village assembled in June 2023, when it reported the remaining $45 million needed to begin phase one had been secured. That package included more than $10 million in 2021 legislative funds, more than $53 million from the 2021 state bond program, a $25 million NMDOT INFRA grant and a $5 million village contribution.
The Village of Los Lunas’ fiscal 2026 budget memo projects $246,146,455 in revenues, including $187,417,525 in intergovernmental grants, with $172,653,681 of those grants assigned to the I-25 Interchange and Los Lunas Boulevard corridor project. It projects $195,395,354 in expenditures, including $145,410,375 in capital outlay, with $111,114,127 tied to the corridor work.
The memo also says the interim budget had already been approved at the May 8, 2025 council meeting, and the final fiscal 2026 budget was approved July 24, 2025.
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