News from VDOT
Headlines
Feb. 9, 2012 GOV. MCDONNELL ANNOUNCES 495 EXPRESS LANES PROJECT BRINGS NEARLY $450 MILLION IN SMALL BUSINESS CONTRACTING
VDOT and Transurban-Fluor Small Business Contracting Performance Exceeds Earlier Commitments
RICHMOND - Governor Bob McDonnell announced today that the 495 Express Lanes project on the Capital Beltway in northern Virginia has awarded nearly $450 million in contracts to small and disadvantaged businesses.
Feb. 7, 2012
GOV. MCDONNELL'S TRANSPORTATION PROGRAM PROVIDES MILLIONS IN INCOME AND TAX REVENUE PLUS SEVERAL THOUSAND JOBS
RICHMOND – An analysis of 10 highway projects funded by Gov. Bob McDonnell's 2011 $4 billion transportation program shows they will provide nearly 3,700 direct jobs during their construction, $190.8 million in personal income, $14.8 million in state and local tax revenues and other benefits to Virginia.
Feb. 2, 2012
GOV. MCDONNELL ANNOUNCES COMMONWEALTH TRANSPORTATION BOARD SAVES NEARLY $26 MILLION IN REFINANCING DEAL FOR IMPROVEMENTS
Commonwealth Takes Advantage of Historic Low Tax-Exempt Interest Rates
RICHMOND – Gov. Bob McDonnell announced today that the Commonwealth Transportation Board sold more than $124 million in refunding bonds at a true interest cost of 1.38 percent, saving $25.8 million over the next 16 years. The savings will result in lower debt service costs for bonds issued under the Northern Virginia Transportation District and U.S. Route 58 bond programs.
Feb. 1, 2012
GOV. MCDONNELL ANNOUNCES PAVEMENT RECYCLING METHOD SAVES TIME, MONEY, MATERIALS
I-81 recycling project wins national award
RICHMOND – Gov. Bob McDonnell announced today that the Virginia Department of Transportation is gaining national recognition for using pavement recycling methods to rebuild aging roadways, saving significant time and money.
