| RELEASE: CONTACT: |
IMMEDIATE Jeff Caldwell (804) 786-2715 Jeffrey.Caldwell@VDOT.Virginia.gov |
CO-0731 July 19, 2007 |
LOCAL TRANSPORTATION PROJECTS GET $160 MILLION BOOST
Commonwealth Transportation Board Approves Funding
FREDERICKSBURG – The Commonwealth Transportation Board (CTB) today approved nearly $51 million in matching funds for localities to improve their roads and bridges, including safety projects. The funds are available under the Revenue Sharing Program in which each dollar a participating locality puts toward a project is matched by a dollar from the Virginia Department of Transportation (VDOT), up to the maximum available allocation of $1 million per locality.
“This program helps counties, cities and towns make their transportation dollars go further,” said Virginia Secretary of Transportation Pierce Homer. “Revenue sharing is a true partnership between the localities and VDOT to address local transportation needs. The localities determine their priority projects, and the extra funds from VDOT speed up progress on those projects.”
A total of 71 localities submitted requests for revenue sharing funds that will go toward maintenance or construction on primary, secondary or urban road systems. Projects include:
Under the current system for allotting revenue sharing funds, those localities that commit more than $1 million and offer additional unmatched funds receive priority. Current unmatched funds of $58 million committed to projects bring the total value of the Revenue Sharing Program to $160 million for addressing transportation needs across the commonwealth.
Click here to view table that includes requests and funding allotted, broken down by VDOT districts:
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NOTE TO EDITORS AND REPORTERS: For more information about the Revenue Sharing Program, go to http://www.virginiadot.org/business/local-assistance-access-programs.asp#Revenue_Sharing.
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“This program helps counties, cities and towns make their transportation dollars go further,” said Virginia Secretary of Transportation Pierce Homer. “Revenue sharing is a true partnership between the localities and VDOT to address local transportation needs. The localities determine their priority projects, and the extra funds from VDOT speed up progress on those projects.”
A total of 71 localities submitted requests for revenue sharing funds that will go toward maintenance or construction on primary, secondary or urban road systems. Projects include:
- Bridge replacements
- New or reconstructed roads
- Sight distance and intersection improvements
- Turn lanes, guardrails and spot widening
- Bicycle facilities
- Sidewalk and landscaping projects
- Drainage improvements
- Signal and paving projects
Under the current system for allotting revenue sharing funds, those localities that commit more than $1 million and offer additional unmatched funds receive priority. Current unmatched funds of $58 million committed to projects bring the total value of the Revenue Sharing Program to $160 million for addressing transportation needs across the commonwealth.
Click here to view table that includes requests and funding allotted, broken down by VDOT districts:
(END)
NOTE TO EDITORS AND REPORTERS: For more information about the Revenue Sharing Program, go to http://www.virginiadot.org/business/local-assistance-access-programs.asp#Revenue_Sharing.
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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: Feb. 12, 2008
