Colorado's roads will see an additional $300 million per year in funding thanks to a new plan that will free up more money sooner.

Gov. John Hickenlooper and Don Hunt, executive director of the Colorado Department of Transportation unveiled the plan Friday, which is called the Responsible Acceleration of Maintenance and Partnerships, or RAMP, program.

The program is expected to last for five years.

"Efficient and effective use of public money is at the core of this effort," Hickenlooper said in a statement. "This change in fiscal management will allow CDOT to make improvements to the state's transportation system and give the construction industry a needed boost. The program doesn't solve the state's long-term transportation needs, but it does accelerate many projects that might otherwise have had to sit longer."