RD255 - U. S. Route 58 Corridor Development Program 2016 Report Expenditures as of April 30, 2016

Executive Summary:
Item 448, B.3. of Chapter 732 of the 2016 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, 2016. Total expenditures were $1.34 billion for the Route 58 Corridor Development Program. Of that amount, $963.2 million was provided from the Corridor Fund or Bond Proceeds. The expenditures by district are as follows: $459 million in Bristol District, $83 million in Hampton Roads District, $145 million in Lynchburg District, $258 million in Richmond District, and $399 million in Salem District.

The FY 2017-2022 Six-Year Improvement Program (SYIP) for the Route 58 Corridor Development Program may be viewed at: http://syip.virginiadot.org.