Legislation Signed to Invest Nearly $4 Billion in Roads, Rail, and Transit in the Commonwealth

Legislation Signed to Invest Nearly $4 Billion in Roads, Rail, and Transit in the Commonwealth
Legislation Signed to Invest Nearly $4 Billion in Roads, Rail, and Transit in the Commonwealth
Legislation Signed to Invest Nearly $4 Billion in Roads, Rail, and Transit in the Commonwealth

On April 18, Governor Bob McDonnell signed into law the most significant investment in the state’s transportation system in a generation. This legislation creates a framework to invest nearly $4 billion into Virginia’s roads, and fund more than 900 projects over the next three years without raises taxes.

Governor McDonnell stated, “It has been 20 years since we have made a major investment in our transportation system. For far too long Virginians sat stuck in traffic while partisan politics put the brakes on progress. This year we put partisanship aside and recognized that for Virginia to retain its status as the friendliest state in the nation for business, we must invest in transportation and help the private sector create much-needed jobs in parts of the Commonwealth.”

A recent report by Chmura Economics shows that with the creation of this legislation and the completion of the 900 projects, Virginia’s economy will grow by over $13 billion and support an additional 100,000 jobs.

These are the projects that will occur in Hampton Roads;

  • Widening Lynnhaven Parkway, Holland Road and Witch Duck Road in Virginia Beach, and replacing the Lesner Bridge.
  • Investments in Hampton Roads Light rail.
  • Widening of Dominion Boulevard in Chesapeake; the constructing of a new tube for the Midtown Tunnel between Norfolk and Portsmouth, construction of a new Route 460 from Suffolk to Petersburg.

 

To read the full press release, visit http://www.governor.virginia.gov/news/viewRelease.cfm?id=699

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