RD158 - Cash Balance Report of the Route 58 Corridor Development Fund
Item 459 B 3 of Chapter 781 of the 2009 Acts of the Assembly directs the Commonwealth Transportation Commissioner to report on the cash balances in the Route 58 Corridor Development Fund. This report includes: (i) a comparison of actual spending to allocations by project and district, (ii) expenditures by project, district and funding sources and (iii) a six-year plan for planned future expenditures from the Fund by project and district.
Allocations and expenditures are shown as of April 30, 2009. The total expenditures for the Route 58 Corridor Development Program were $1.115 billion.
This amount includes $413 million in the Bristol District, $80 million in the Hampton Roads District, $145 million in the Lynchburg District, $247 million in the Richmond District, and $230 million in the Salem District. The FY 10-15 Six-Year Improvement Program (SYIP) for the Route 58 Corridor Development Program may be viewed at: http://syip.virginiadot.org/.