Transactions - JUNE 26, 2017

Virginia transportation board approves $18.6b improvement program

by Andrea Waitrovich

The Virginia Commonwealth Transportation Board has approved a six-year, $18.6 billion improvement program that will fund more than 3,600 state transportation projects beginning July 1, 2017.

Projects include highway, road, bridge, rail, transit, bicycle/pedestrian paths and other transportation improvements across the state. The program allocates $15.2 billion to highway construction, broken out by the following categories:

  • $1.1 billion – State of Good Repair
  • $2.1 billion – SMART SCALE
  • $0.7 billion – Legacy Programs
  • $3.4 billion – Specialized Programs
  • $1.2 billion – Revenue Sharing
  • $1.6 billion – Maintenance
  • $0.1 billion – Research and Planning
  • $3.9 billion – Public-Private Partnerships
  • $1.1 billion – Local and Regional Funding

Rail and public transportation receives $3.4 billion, with $2.6 billion set aside for public transportation projects and $817 million for rail initiatives.

The increase from the previous year is due to a large increase in project participation contributions from the regional entities and localities, offsetting a significant reduction in state revenue and lower use of bond proceeds. Without the increased project contributions, the fiscal year 2018 budget would have been $315 million less, or a 4 percent reduction from the fiscal year 2017 budget. The annual budget is based on the most recent official state revenue forecast from December 2016 and estimated federal funding.


Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy