| RELEASE: CONTACT: |
IMMEDIATE Tamara Neale 804-786-6458 Tamara.Neale@VDOT.Virginia.gov |
CO-0545 Sept. 27, 2005 |
VDOT RECEIVES AN ADDITIONAL $30 MILLION IN FEDERAL FUNDING FOR PROJECTS
Strong financial management results in more federal dollars for transportation
VDOT RECEIVES AN ADDITIONAL $30 MILLION IN FEDERAL FUNDING FOR PROJECTS
Strong financial management results in more federal dollars for transportation
RICHMOND – The Virginia Department of Transportation (VDOT) received an additional $30 million in federal funds that will go toward projects across the state. This is the highest amount of additional federal obligation authority VDOT has received, making Virginia among the top 15 states in the nation to get the largest redistributions this federal fiscal year.
“The extra $30 million is a direct result of VDOT obligating all available federal funds and being prepared to receive more funding,” said Acting VDOT Commissioner Gregory A. Whirley.
“We had $86 million worth of projects ready to go for additional funding and are very pleased that we got $30 million. The agency’s focus on getting our financial house in order has paid off with more federal transportation dollars.”
The $30 million will go to the following projects:
$14.7 million to pay off the Madison Heights Bypass project in Lynchburg
$6.8 million for I-66 safety improvements in Northern Virginia
$1 million for additional signals in the Fredericksburg region
$3.7 million for the Pinner’s Point project in Portsmouth
$3.7 million to go toward the widening of Lee Highway in Fairfax County
In the last two years, Virginia received an average of $17.5 million in additional federal funds. In the seven years prior to that, Virginia received an average of $5.3 million.
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“The extra $30 million is a direct result of VDOT obligating all available federal funds and being prepared to receive more funding,” said Acting VDOT Commissioner Gregory A. Whirley.
“We had $86 million worth of projects ready to go for additional funding and are very pleased that we got $30 million. The agency’s focus on getting our financial house in order has paid off with more federal transportation dollars.”
The $30 million will go to the following projects:
In the last two years, Virginia received an average of $17.5 million in additional federal funds. In the seven years prior to that, Virginia received an average of $5.3 million.
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Information in VDOT news releases was accurate at the time the release was published. For the most current information about projects or programs, please visit the project or program Web pages. You may find those by searching by keyword in the search Virginia DOT box above.
Page last modified: Jan. 16, 2008
