The Virginia Department of Transportation has released an action plan in response to an independent audit that concluded VDOT could gain an additional $1.5 billion in funding by taking a variety of steps.
Gov. Bob McDonnell released a statement Tuesday in support of VDOT’s action plan, with details of how the money will be spent. The full action plan has been posted online.
Below, a few of the plan’s highlights, released in a joint statement between the Governor’s Office and VDOT:
* $200 million in excess construction cash will be administered by the Commonwealth Transportation Board. (Locally, Stafford supervisor Cord Sterling is a CTB member).
* $524 million will be allocated to construction projects in Spring 2011 by the Commonwealth Transportation Board.
* $200 million will be distributed to VDOT’s nine transportation districts for critical maintenance projects.
* $130 million in inactive federal project balances will be re-allocated to active projects, in coordination with localities.
* Virginia plans to pursue $400 million in federal toll credits, to be allocated to specific projects by the Commonwealth Transportation Board as the state match money to federal transportation projects.
Pingback: debt consolidation company
Pingback: debt settlement