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Virginia Politics
Posted at 02:20 PM ET, 04/20/2011

McDonnell announces 900 transportation projects to be paid for with $3 billion in bonds

Gov. Bob McDonnell announced Wednesday the completion of a draft six-year plan of more than 900 transportation projects that will be paid for with $3 billion in bonds approved by the General Assembly in February.

The draft plan will be presented to the public during a series of hearings in April and May and is available online beginning Wednesday.

“Thanks to the bipartisan support of this year’s transportation package, we will make an upfront investment in restoring our transportation system and addressing these critical needs,’’ McDonnell said. “This infusion of funds will help accelerate or complete the more than 900 projects I recommended as part of the package. These projects will benefit all regions of the commonwealth, both rural and urban, and will help provide jobs for thousands of Virginians in desperate need of work without raising taxes.”

The package includes $1.8 billion in capital project revenue bonds, $1.1 billion in grant anticipation revenue vehicle bonds and $283 million for the Virginia Transportation Infrastructure Bank.

“There is no better time to start getting transportation in Virginia moving again,” said Sean T. Connaughton, secretary of transportation. “VDOT is seeing construction bids coming in significantly under estimates and interest rates are at near-historic lows. Virginians all across the commonwealth can expect to see construction on an unprecedented scale over the next three years.”

The Commonwealth Transportation Board is expected to adopt the final 2012-2017 Six-Year Improvement Program in June.

See below for some of the projects. The full list can be found here.

• Widening I-66 from Gainesville to Haymarket and the Mark Center Ramp in the Northern Virginia District

• Phase II of the Route 581 Valley View Interchange and the I-81 Exit 150 Connector Road in the Salem District

• Widening I-64 from Route 288 to Route 623 in the Richmond District

• Improving the I-64 Exit 91 Interchange and Bridge and modifying the I-81 Exit 310 Interchange in the Staunton District

Numerous projects on the primary system, such as:

• The Route 1/123 Interchange, relocating and widening Route 7 and Belmont Ridge Road, and the Sycolin Road Overpass in the Northern Virginia District

• Reconstructing Route 17 in the Fredericksburg District

• Odd Fellows Road and Route 501 passing lanes in the Lynchburg District

• Route 58 Corridor Development in the Bristol and Salem districts

• Replacing the Route 360 Bridge and widening Route 10 in the Richmond District

Much-needed and long-sought urban and secondary project phases, such as:

• Replacing the Lesner Bridge, widening Lynnhaven Parkway, and improvements to Holland Road and Witch Duck Road in the Hampton Roads District

• The Route 460 Southgate Avenue Intersection, improvements to the Route 779 Interchange and Bridge over Tinker Creek, and reconstruction of Route 687 in the Salem District

• Bridge replacements on Route 759, 761 and 921 and Erickson Avenue in the Staunton District

• Replacing the bridge on Route 670 in Washington County and improving Route 11 Lee Highway in the Bristol District

• Widening Route 711 Huguenot Trail in the Richmond District

Approximately $1.4 billion has also been provided for major public-private transportation projects, including the Downtown Tunnel/Midtown Tunnel/Martin Luther King Freeway Extension, I-95 HOT Lanes, the Route 460 Corridor Improvement Project and the Coalfields Expressway. This investment can potentially leverage an addition $4 billion in resources from the private sector.

Rail and transit projects throughout Virginia will also benefit from the increased funding provided this year. Examples of projects programmed in the SYIP include:

• Improvements to Norfolk Southern infrastructure along the I-81 Crescent Corridor

• Construction of the Kilby Support Yard

• Replacing Virginia Railway Express railcars and extending the third track to Spotsylvania

• Washington Metropolitan Area Transit Authority state of good repair purchases

• Facility construction and improvements in Arlington, Blacksburg, Farmville, Loudoun, Lynchburg and Purcellville

• Bus replacements for transit operators all throughout the Commonwealth

By  |  02:20 PM ET, 04/20/2011

 
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