Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News Industries Government Six-year transportation funding plan up 54 percent

Six-year transportation funding plan up 54 percent

Published June 19, 2013 by Jessica Sabbath

Virginia’s Commonwealth Transportation Board has approved a $17.6 billion, six-year transportation improvement plan bulked with new revenues from this year’s landmark transportation bill.

The plan reflects a 54 percent increase over last year’s six-year program. It distributes funding for highway, road and bridge projects, as well as rail, transit, bicycle, pedestrian and other transportation improvements.

Most of the new funding will be used to rebuild aging pavements and bridges and to accelerate work on high priority projects. The funding breakdown is:

·    Highways and bridges: $11.5 billion ($2.5 billion increase)
·    Rail and public transportation: $2.9 billion ($500 million increase)
·    Hampton Roads transportation fund: $1.3 billion (new money)

The transportation law also created a specific revenue source for Northern Virginia, which is not reflected in the six-year plan because it is allocated through the Northern Virginia Transportation Authority. That is expected to be $1.9 billion over six years.

The board also approved a $5.2 billion transportation budget for fiscal year 2014, up 11.1 percent over last year. That includes $4.6 billion for the Virginia Department of Transportation, $504 million for the Department of Rail and Public Transportation and $62.6 million for airports and the Port of Virginia.

Related stories:
CTB releases draft of plan: https://www.virginiabusiness.com/article/ctb-releases-draft-of-six-year-plan/

The road ahead
https://www.virginiabusiness.com/article/the-road-ahead1/

Related Stories

Virginia Business logo

Poll shows Kaine with early edge in re-election bid

Gov. Ralph Northam speaking during April 13 news briefing

U.Va. coronavirus model sees Va. cases spiking in July, August

If stay-at-home order is lifted on June 10, most hospitals would exceed capacity this summer, researchers forecast.

386K+ remain unemployed in Va. during pandemic

Approximately 46M Americans are still jobless

Trending

13th annual Best Places to Work

Virginia ABC announces next Pappy lotteries

Magical moments

Cox expands Myers’ role to East Coast

Morrissey’s Petersburg casino bill fails in Senate Finance

Sponsored Stories

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Advertisement

Advertisement

Trending

13th annual Best Places to Work

Virginia ABC announces next Pappy lotteries

Magical moments

Cox expands Myers’ role to East Coast

Morrissey’s Petersburg casino bill fails in Senate Finance

Sponsored Stories

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk