Jeffrey Caldwell 804-786-2715
June 17, 2009
VIRGINIA OBLIGATES MORE THAN HALF OF DISCRETIONARY HIGHWAY STIMULUS FUNDING
Achieves Next Stimulus Funding Milestone
RICHMOND - The Commonwealth of Virginia has reached another milestone with its notification yesterday by the Federal Highway Administration that the required milestone of obligating 50 percent of Virginia’s discretionary stimulus funding was achieved well before the June 29, 2009, deadline.
The 50 percent obligation milestone means that the Commonwealth Transportation Board (CTB), Virginia Department of Transportation (VDOT), and the Department of Rail and Public Transportation (DRPT) have been given the green light to invest $287 million of $576.6 million in discretionary funding that VDOT can use for transportation projects statewide as required by the American Recovery and Reinvestment Act (ARRA).
VDOT has advertised $246 million in projects and has awarded $81 million in projects.
Virginia has followed a transparent and open process in selecting projects for ARRA funding involving local, regional, state, and federal officials as well as the public. "We have worked hard with our partners to identify eligible projects and balance speed with due diligence to reach this point." said David S. Ekern, P.E., VDOT commissioner.
"Virginia's priorities have focused on meeting the basic needs of our transportation system -- transit equipment and bus replacements, structurally deficient bridges and pavements, and economic development," added Charles Badger, DRPT director.
ARRA transportation project information can be found at www.stimulus.virginia.gov. The presentation given at today’s CTB meeting and detailing this milestone is available at http://www.ctb.virginia.gov/resources/2009/cm_6_ARRA_June_17_09.pdf .
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.