The extra cash will be made available to all councils across England bringing the total road maintenance budget up to more than £1bn this year.
Councils should discover their exact funding allocation by the end of this week to allow repairs to be carried-out before the summer holidays.
Transport Secretary Patrick McLoughlin said: “Having the right infrastructure in place to support businesses and hardworking people is a crucial part of our long-term economic plan.
“This extra money will help make a real difference to the millions of road users and local residents who rely on local roads, giving them safer and smoother journeys.”.