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Key Northern Virginia Panel Approves $75B Long-Range Transportation Plan, Putting 400-Plus Projects On The Books

December 12, 2022
Key Northern Virginia Panel Approves $75B Long-Range Transportation Plan, Putting 400-Plus Projects On The Books
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The Northern Virginia Transportation Authority’s board has unanimously backed more than 400 transportation projects spanning all modes, extending from Northern Virginia into D.C. and suburban Maryland, through 2045.

The long-range plan approved Thursday night totals nearly $75 billion in estimated capital costs — almost double the price tag of the previous TransAction plan finalized in 2017. Which projects actually receive funding will be determined in a separate process, through the authority’s six-year plan.

The authority receives funding through the commonwealth via regional fees and a percentage of local sales tax dollars. Its board votes on six-year plans to distribute funding to transportation projects that local jurisdictions submit for review — in July, the board voted to allocate $625 million in regional funding for 20 transportation projects.

Click here to read the rest of the article written by Hannah Denham over at Washington Business Journal

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