Competition To Be High For State Transportation Funding

Fuding requests for several road and streetscape projects recently made by Albemarle and Charlottesville will face stiff competition under the Virginia Department of Transportation’s new Smart Scale prioritization process.

VDOT received 436 applications totaling $9.25 billion in funding requests across the state in the second round of Smart Scale process.

However, there is limited funding available.

“We think it’s going to be between $650 million and $750 million statewide, but, very candidly, we are not going to know what those numbers are until December when we get updated revenue estimates from the tax department,” said Nick Donohue, Virginia’s deputy secretary of transportation.

READ FULL ARTICLE HERE

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.