Wednesday, May 19, 2010

Virginia plan IDs rail, public transport funds

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Virginia's Commonwealth Transportation Board has unveiled a proposed new six-year transportation plan that contains earmarks $2.1 billionfor rail and public transportation, and $5.6 billion for highways.

The board posted the $$7.7 billion Working Draft FiscalYears 2011-2016 Six-Year Improvement Program (SYIP) on its website (www.drpt.virginia.gov) in advance of four hearings to solicit public comments about “essential rail, transit, transportation demand management, bicycle, pedestrian, and highway projects.”

Rail and public transportation funding in the SYIP issimilar to levels in the revised Fiscal Years 2010-2015 SYIP. However, these levels represent a 10% decrease from the SYIP adopted by the CTB in June 2009. The board noted that the state match for eligible capital expenses is 56%, and 36% for operating expenses, the lowest in Virginia history.

Rail investments include advancement of passenger rail demonstration projects in the Interstate 95, Interstate 81, and Route 460 corridors.