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News from VDOT

Final Six-Year Transportation

program approved

$11 billion program for public transportation, rail and highway projects

RICHMOND- The Commonwealth Transportation Board (CTB) recently approved an $11 billion funding program for public transportation, rail and highway projects for the next six fiscal years, beginning July 1. It also approved the first six-year funding program for highway maintenance and operations projects.

The final FY2008-2013 Six-Year Improvement Program is $3.1 billion larger than the program approved in 2006, and it is the first to show a sustainable increase in available transportation funding since 1986. Approximately $500 million a year in new revenue and bonds was made available through a compromise transportation funding package developed by Gov. Timothy M. Kaine and the General Assembly this year.

The approved program includes $2 billion for public transportation over the next six years, a 41 percent increase: rail receives $322

85.8%