Construction on the next section of Interstate 295, located from US 401 to the "All-American Freeway", was scheduled to start in the later months of 2008, and then probably completed by early 2012, but this construction project was put on hold in November 2008 due to the severe shortage of money for highway construction in North Carolina at that time and extending though 2011. Instead of constructing this segment as one contract, work was split up into 3 smaller segments. Work first started in 2009 on the section from Bragg Boulevard (North Carolina Highway 24, NC 24) to Murchison Road (NC 210) using federal stimulus monies. This was completed in 2014. In March 2011 a contract to construct the portion of the Loop between US 401 and Murchison Road was awarded to a construction company, however this did not include final paving. The contract for paving was issued in 2014 and is scheduled to be completed during the summer of 2016, delayed from April 2014.