RD155 - U.S. Route 58 Corridor Development Program 2015 Report - Expenditures as of April 30, 2015


Executive Summary:
Item 448, B.3. of Chapter 665 of the 2015 Acts of the Assembly directs the Commissioner of Highways to report on the cash balances in the Route 58 Corridor Development Fund. The report shall include: (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, 2015. Total expenditures were $1.31 billion for the Route 58 Corridor Development Program. Of that amount, $962.8 million was provided from the Corridor Fund or Bond Proceeds. The expenditures by district are as follows: $457 million in Bristol District, $82 million in Hampton Roads District, $145 million in Lynchburg District, $258 million in Richmond District, and $367 million in Salem District.

The FY 2016-2021 Six-Year Improvement Program (SYIP) for the Route 58 Corridor Development Program may be viewed at: http://syip.virginiadot.org/.