Joe Vagi 804-371-8304
June 14, 2016
COMMONWEALTH TRANSPORTATION BOARD APPROVES SIX-YEAR IMPROVEMENT PROGRAM
$14.4 billion in road, bridge, rail and public transportation improvements; board also approves VDOT’s $5.4 billion annual budget
RICHMOND - The Commonwealth Transportation Board (CTB) approved today the latest Six-Year Improvement Program (SYIP), which allocates $14.4 billion to transportation projects over the next six fiscal years beginning July 1, 2016. Projects include highway, road, bridge, rail, transit, bicycle/pedestrian paths and other transportation improvements across the state.
The SYIP provides funding to more than 3,200 transportation projects to improve the state’s infrastructure. For the first time the program includes projects that were scored and approved for full funding under the prioritization process passed by the General Assembly in 2014. This process is now called SMART SCALE, Funding the Right Transportation Projects in Virginia. (Access link to view the Governor’s release.)
FY 2017-2022 Six-Year Improvement Program breakdown:
$10.7 billion – Highway construction
$3.7 billion – Rail and public transportation
$14.4 billion – Total six-year program
VDOT’s Annual Budget for FY 2017
The Virginia Department of Transportation's (VDOT) annual budget for Fiscal Year 2017 is $5.4 billion, representing an 0.8 percent increase from the revised FY 2016 budget. The growth over the previous year is primarily driven by additional federal funding and revenue dedicated to the Highway Maintenance and Operating Fund. The annual budget is based on the most recent official state revenue forecast from February 2016 and estimated federal funding.
Funds that will be provided for highway maintenance and operations represent nearly 40 percent of the total budget, followed by nearly 35 percent for highway construction.
Smaller portions of the budget are directed to address the needs and requirements of debt service, support to other agencies, tolls, administration, and other programs.
$352 million – Debt Service
$2.127 billion – Road maintenance and operations (includes city and county street payments)
$513.3 million – Support to other agencies, tolls, administration and other programs
$1.869 billion – Construction
$496.1 million – Funding dedicated to Northern Virginia and Hampton Roads Regions for local and regional transportation projects
$5.35 billion – Total VDOT annual budget
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.