For the Record - Southwest Virginia

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Branch Highways Inc. of Roanoke received a $10.1 million contact from the Commonwealth Transportation Board to widen Port Republic Road from two to four lanes from the eastern city limits of Harrisonburg to the new Rockingham Memorial Hospital. The work is expected to be finished in 2012. (Daily News-Record)

Lanford Brothers Co. Inc. of Roanoke received a $2.4 million contract from the Commonwealth Transportation Board to repair 11 bridges in Shenandoah, Page and Rockingham counties. The project is expected to be completed in 2011. (Daily News-Record)

The City of Roanoke’s bond rating was downgraded by Moody’s Investors Service from Aa3 to A1. The use of bonds for capital projects, including $111 million for renovation of two city high schools, brought the city close to its debt ceiling. Two other services, Standard & Poor’s and Fitch Ratings did not change their ratings. (The Roanoke Times)

Virginia Tech will launch a new program which will allow students to earn two master’s degrees, in business administration and industrial and systems engineering, in a two-year period. The program, run by the Pamplin College of Business and the College of Engineering, replaces the MBA concentration in systems engineering management. (News release)

24/7 Wall St., an online magazine, ranked Virginia Tech second best in the country for management of its endowment fund. Tech’s fund lost 14.4 percent of its market value last year, but the national average was 18.7. Washington State topped the list after posting a 9 percent loss. The rankings were based on a report by the National Association of College and University Business Officers. (The Roanoke Times)

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