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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:

  • 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:


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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.


Page last modified: July 19, 2007