Report on the Transportation Partnership Opportunity Fund, Period Ending June 30, 2024 (October 15, 2024)
Summary
This is a memorandum dated October 15, 2024 from W. Sheppard Miller, III, Secretary of Transportation, to The Honorable Jennifer B. Boysko, Kerrie Delaney, L. Louise Lucas, Luke E. Torian and Vivian E. Watts, with the subject Report on the Transportation Partnership Opportunity Fund. It is the semiannual report on behalf of Governor Glenn Youngkin for the period ending June 30, 2024. It states that the Fund has an uncommitted balance of $56,851,022 and that, from the Fund's inception through June 30, 2024, fifty-one applications related to forty-one separate projects have been received requesting a total of $235,031,970. Governors have approved awards totaling $108,766,705 and directed $50,100,000 to projects.
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“Report on the Transportation Partnership Opportunity Fund, Period Ending June 30, 2024 (October 15, 2024).”
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COMMONWEALTH of VIRGINIA
Office of the Governor
W. Sheppard Miller lII
&ucr.iry o( Tranpt>rtat,,m
October 15, 2024
MEMORANDUM
TO: The Honorable Jennifer B. Boysko
The Honorable Kerrie Delaney
The Honorable L. Louise Lucas
The Honorable Luke E. Torian
The Honorable Vivian E. Watts
FROM: W. Sheppard Miller, III
Secretary of Transportation
c2
SUBJECT: Report on the Transportation Partnership Opportunity Fund
Pursuant to Section §33.2-1529.1 of the Code of Virginia, the Governor is required to submit semiannual
reports on the Transportation Partnership Opportunity Fund ("TPOF" or the "Fund"). This memorandum
and the related attachment constitute that report on behalf of Governor Glenn Youngkin for the period
ending June 30, 2024.
During this reporting period of January 1, 2024 to June 30, 2024, the TPOF program experienced the
following activity:
• [n April 2024, Stafford County notified the Department that their project was complete, and all
costs have been incurred and reimbursed. The total cost of the project was $644,440, much less
than originally estimated. The spent grant balance of $747,560 was returned to the fund.
• In accordance with Item 452 0.3 of Chapter 1 of the 2024 Special Session I of the Virginia Acts of
Assembly, the Department entered into an Agreement with the Virginia Commercial Space Flight
Authority to provide up to $11,000,000 to effectuate the purchase of properties adjacent to the
NASA Wallops Flight Facility to support development and prevent encroachment at the launch pad
area. Any unused portion of the $11,000,000 after closing on the properties will be returned to the
Fund.
• The City of Richmond notified the Department that they will not be entering into a grant agreement
with the Department for the $950,000 grant awarded on January 11, 2018, for the construction of
an access road in support of the Stone Brewery expansion. The grant has been closed and is no
longer a commitment of the fund.
C'mrick Henr}' Building• 1111 East Bw,1,l Stret • Richmond, V1rgini 23219 • (804) 786-8032 • TTY (800) 828-1120
The Honorable Jennifer B. Boysko
The Honorable Kerrie Delaney
The Honorable L. Louise Lucas
The Honorable Luke E. Torian
The Honorable Vivian E. Watts
October I 5, 2024
Page2
• Washington County submitted an application on June 28, 2024, requesting a grant in the amount
of$2,000,000 to assist with transportation improvements to King Mill Pike Road and Jordan Lane
in connection with the Kings Mill Residential Housing Development project. The project does not
meet the minimum economic development criteria of the Commonwealth's Opportunity Fund or
the Virginia Investment Partnership Grant Program. This is a requirement for meeting the
minimum eligibility criteria of the fund and therefore was not advanced.
• Governor Youngkin directed $30, I 00,000 from TPOF to the City ofSuffolk at the recommendation
of the Secretary of Transportation and the Secretary of Commerce and Trade for the Route 460
Road Improvement Project to support the Port 460 Logistics Center development. The funds will
be provided on a reimbursement basis after the Department and the City execute an agreement.
• An Agreement was executed with the Economic Development Authority of Chesterfield County
("CEDA") on July 11, 2024, related to the LEGO project. The grant in the amount of$5,000,000
was awarded by Governor Youngkin on January 15, 2024.
• The Fund received a total of $27,445,872 in interest revenue for the second, third and fourth
quarters of the year.
• The Fund has an uncommitted balance of $56,851,022.
From the Fund's inception through June 30, 2024, fifty-one applications related to forty-one separate
projects have been received requesting a total of $235,031,970 in TPOF assistance. Governors have
approved awards totaling $108,766,705 and directed $50,100,000 to projects.
To date, the Fund has been capitalized in the amount of $565,188,387 from the following:
• $23,600,000 and $26,400,000 from the Toll Facility Revolving Account and from the Highway
Construction Fund, respectively, pursuant to Chapter 951 ofthe Acts of Assembly of2005;
• $305,000,000 pursuant to Chapter 847 ofthe Acts ofAssembly of2007 and Chapter 780 ofthe
Acts ofAssembly of2016;
• $50,000,000 made available July I, 2011 from the Commonwealth Transportation Fund
pursuant to Item 452 H. ofChapter 890 ofthe Acts ofAssembly of201 l;
• $75,000,000 made available from Virginia Transportation Infrastructure Bank pursuant to Item
452 0.1. ofChapter I ofthe Virginia Acts ofAssembly Special Session I of2023;
• Up to $90,000,000, no more than $15,000,000 in any individual year, shall be provided out of
the revenue ofthe Commonwealth Transportation Fund in the Six-Year Financial Plan adopted
The Honorable Jennifer B. Boysko
The Honorable Kerrie Delaney
The Honorable L. Louise Lucas
The Honorable Luke E. Torian
The Honorable Vivian E. Watts
October 15, 2024
Page 3
prior to July 1, 2023 for fiscal years 2025 through 2030 pursuant to Item 438 K. I of Chapter 2
of the Virginia Acts of Assembly Special Session I of 2024;
• TPOF is provided with onethird of al I interest, dividends, and appreciation that may accrue to
the Transportation Trust Fund and the Highway Maintenance and Operating Fund pursuant to
Chapter 1230 of the Acts of Assembly of 2020. Through June 30, 2024, TPOF has received
$85,188,387 in interest earnings.
The $305,000,000 contribution, as outlined by Chapter 847 of the 2007 Acts of Assembly and Chapter 780
of the 2016 Acts of Assembly, was targeted for specific projects while the remaining $175,000,000 and
interest earnings may be used for any eligible applicant and project or direction. The body of this report
focuses on the use of the $175,000,000, interest earnings to the fund and the dedicated revenue beginning
in 2015. The attachment provides a summary and overview of the fund in its entirety as of June 30, 2024.
The Fund is one of many tools available to market the Commonwealth to prospective economic
development partners. Please let me know if I can provide additional information regarding these projects
or the use of the Fund.
cc:
The Honorable Caren Merrick, Secretary of Commerce and Trade
The Honorable Stephen E. Cummings, Secretary of Finance
Attachment
Attachment
Semiannual Report on the Transportation Partnership Opportunity Fund
Activity/Award Details to Date
The table below summarizes the awards to date and the remaining balance form the $100 million in capitalization as of June 30, 2024.
Capitalizations
July 1, 2006 $50,000,000
July 1, 2011 50,000,000
July 1, 2023 75,000,000
Interest Earnings 85,188,387
Total Funding Available $260,188,387
Project Amount Type of Assistance Award Date Eligibility Criteria
VDOT – CFX 1,772,740 Grant 4/28/2006 PPTA Project
City of Newport News 5,000,000 Grant 8/22/2006 Economic Development
State Route 28 HTIDC 5,000,000 Grant 8/22/2006 PPTA Project
Town of Leesburg $5,000,000 Grant 2/12/2007 Design-Build Project
County of Prince George 10,000,000 Grants 5/19/2008 Economic Development
4/3/2008 and
VDOT – CFX (Hawks Nest) 9,892,200 Grants PPTA Project
2/25/2009
County of Loudoun 3,000,000 Grant 5/3/2010 Design-Build Project
County of Accomack 3,250,968 Grant 9/30/2010 Economic Development
Virginia Comm. Space Flight Authority 5,000,000 Grant 9/15/2011 Economic Development
City of Winchester 47,533 Grant 12/20/2011 Economic Development
11/14/2011
Virginia Comm. Space Flight Authority 10,000,000 Grants and Economic Development
12/7/2012
County of Rockingham 5,000,000 Grant 6/5/2012 Design-Build Project
County of Prince William 4,978,062 Grant 6/5/2012 Design-Build Project
Virginia Comm. Space Flight Authority 5,000,000 Grant 1/25/2013 Economic Development
Virginia Comm. Space Flight Authority 5,000,000 Grant 2/5/2013 Economic Development
Department of Aviation 151,085 Grant 2/13/2013 Economic Development
County of Accomack 4,000,000 Grant 7/26/2013 Design-Build Project
County of Giles 724,878 Grant 7/26/2013 Economic Development
Rt. 28 HTIDC 5,000,000 Grant 7/26/2013 PPTA Project
EDA of Newport News 1,000,000 Grant 1/5/2015 Economic Development
1/11/2018
County of Frederick 1,169,602 Grant Economic Development
and 8/1/2018
Virginia Port Authority 5,000,000 Grant 10/4/2018 Transportation Service
Virginia Comm. Space Flight Authority 5,000,000 Grant 11/13/2018 Economic Development
Virginia Comm. Space Flight Authority 7,500,000 - 7/1/2020 Chapter 1289 Item 431 (a)(b)
Transportation Initiatives 20,000,000 - 7/1/2020 Chapter 552 Item 447.10 (b)
EDA of the City of Hampton 979,681 Grant 1/11/2021 Economic Development
EDA of New Kent County 2,000,000 Grant 6/28/2022 Economic Development
County of Stafford 644,440 Grant 6/28/2022 Economic Development
EDA of Warren County 155,516 Grant 6/28/2022 Economic Development
City of Portsmouth 4,800,000 - 7/1/2023 Chapter 1 Item 452 O.2
Virginia Comm. Space Flight Authority 20,000,000 - 12/4/2023 Directed Award By Governor
EDA of Chesterfield County 5,000,000 Grant 1/15/2024 Economic Development
Virginia Comm. Space Flight Authority 11,000,000 - 5/13/2024 Chapter 1 Item 452.O.3
City of Suffolk 30,100,000 - 6/28/2024 Directed Award By Governor
Total Awards $202,166,705
Reductions* 1,170,660
Available for Award $56,851,022
*FY 2009-2024 Indirect Costs and Governor's FY 2010 Operational Efficiencies Reduction
Attachment: Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
Page 1
Period Ending June 30, 2024
Attachment
Semiannual Report on the Transportation Partnership Opportunity Fund
Activity/Award Details to Date
The following identifies the recipients, the projects and the awards made, and the actions taken from TPOF, along with their current status:
Awards/Projects with Financial Close
Type of Date of
Recipient Project Location Assistance Amount Award Status
Grant is fully disbursed. Grant
Buchanan, Wise and
VDOT Coalfields Expressway Grant 1,772,740 4/28/2006 awarded was $2,000,000. Final
Dickenson Counties
grant amount was $1,772,740.
State Route 28 Highway
Rt. 28 Corridor Loudoun and Fairfax
Transportation District Grant $5,000,000 8/22/2006 Grant is fully disbursed.
Improvements Counties
Commission
Economic Development Canon Virginia, Inc. City of Newport
Authority of the City of Economic Development News and County of Grant $5,000,000 8/22/2006 Grant is fully disbursed.
Newport News Project Gloucester
Town of Leesburg Battlefield Parkway Town of Leesburg Grant 5,000,000 2/12/2007 Grant is fully disbursed.
2 Grants- Grants are fully disbursed. Grants
Coalfields Expressway Buchanan, Wise and 4/3/2008 and
VDOT $5,000,000 9,892,200 awarded were $10,000,000. Final
Hawks Nest Section Dickenson Counties 2/25/2009
each grant amount was $9,892,200.
2 Grants-
Rolls-Royce Economic County of Prince
County of Prince George $5,000,000 10,000,000 5/19/2008 Grants are fully disbursed.
Development Project George
each
County of Loudoun Pacific Boulevard County of Loudoun Grant 3,000,000 5/3/2010 Grant is fully disbursed.
Mid-Atlantic Regional Grant is fully disbursed. Grant
County of Accomack Spaceport (MARS) – County of Accomack Grant 3,250,968 9/30/2010 awarded was $3,427,412. Final
Orbital Sciences Corp. grant amount was $3,250,968.
Virginia Commercial
Space Flight Authority MARS County of Accomack Grant 5,000,000 9/15/2011 Grant is fully disbursed.
(VCSFA)
Virginia Commercial 2 Grants- 11/14/2011
Space Flight Authority MARS County of Accomack $5,000,000 10,000,000 and Grants are fully disbursed.
(VCSFA) each 12/7/2012
The City was unable to complete
Monticello Drive original project due to ROW issues.
City of Winchester Expansion- Rubbermaid City of Winchester Grant 47,533 12/20/2011 Grant amount is equivalent to the
Products expansion first disbursement made in good
faith of award.
Harrisonburg Southeast County of
County of Rockingham Grant 5,000,000 6/5/2012 Grant is fully disbursed.
Connector Rockingham
2 Grants-
USMC Heritage Center County of Prince $2,242,350
County of Prince William 4,978,062 6/5/2012 Grant is fully disbursed.
Improvements William and
$2,735,712
Virginia Commercial
Loan has been converted to a grant.
Space Flight Authority MARS County of Accomack Grant 5,000,000 1/25/2013
Grant is fully disbursed.
(VCSFA)
Virginia Commercial
Space Flight Authority MARS County of Accomack Grant 5,000,000 2/5/2013 Grant is fully disbursed.
(VCSFA)
Grant is fully disbursed. Grant
Department of Aviation Emporia City of Emporia Grant 151,085 2/13/2013 awarded was $162,210. Final grant
amount was $151,085.
Page Total $78,092,588
Attachment: Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
Page 2
Period Ending June 30, 2024
Attachment
Semiannual Report on the Transportation Partnership Opportunity Fund
Activity/Award Details to Date
Awards/Projects with Financial Close - Continued
Type of Date of
Recipient Project Location Assistance Amount Award Status
County of
County of Accomack Wallops Research Park Grant 4,000,000 7/26/2013 Grant is fully disbursed.
Accomack
County of Giles Celanese Acetate County of Giles Grant 724,878 7/26/2013 Grant is fully disbursed.
State Route 28 Highway
Transportation Route 28 bridge widening Loudoun and
Grant 5,000,000 7/26/2013 Grant is fully disbursed.
Improvement District over the Dulles Toll Road Fairfax Counties
Commission
Economic Development
City of Newport
Authority of the City of Liebherr Expansion Grant 1,000,000 1/5/2015 Grant is fully disbursed.
News and Hampton
Newport News
1/11/2018 Grat is fully disbursed. Grant
Navy Federal Credit
County of Frederick Frederick County Grant 1,169,602 and awarded was $1,290,000. Final
Union Expansion
8/01/2018 grant amount is $1,169,602.
Virginia Commercial Rocket Lab- Venture Work is underway. Grant is fully
Accomack County Grant 5,000,000 11/13/2018
Space Flight Authority Class Launch Pad disbursed.
Operation of second
barge service at
Virginia Port Authority City of Richmond Grant 5,000,000 10/4/2018 Grant is fully disbursed.
Richmond Marine
Terminal
Economic Development Grant is fully disbursed. Grant
Huntington Ingalls
Authority of the City of City of Hampton Grant 979,681 1/11/2021 awarded was $979,772. Final grant
Industries Expansion
Hampton amount is $979,681.
Economic Development Establishment of
Authority of New Kent AutoZone Distribution New Kent County Grant 2,000,000 6/28/2022 Grant is fully disbursed.
County Center
Grant is fully disbursed. Grant
Establishment of DHL
Stafford County Stafford County Grant 644,440 6/28/2022 awarded was $1,392,000. Final
Supply Chain Facility
Grant amount is $644,440.
Establishment of Nature's
Warren County Economic Work is underway, no
Touch Processing and Warren County Grant 155,516 6/28/2022
Development Authority disbusements made to date.
Distribution Facility
Chesterfield Economic Establishment of LEGO Work is underway, no
Chesterfield County Grant 5,000,000 1/15/2024
Development Authority Distribution Center disbusements made to date.
Page Total $30,674,117
Prior Page Total $78,092,588
Financial Close Total $108,766,705
Awards/Projects Pending Financial Close
Type of Date of
Recipient Project Location Assistance Amount Award Status
There are not any projects pending Financial Close.
Pending Financial Close Total $0
TOTAL AWARDS APPROVED BY THE GOVERNOR $108,766,705
Attachment: Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
Page 3
Period Ending June 30, 2024
Attachment
Semiannual Report on the Transportation Partnership Opportunity Fund
Activity/Award Details to Date
Funding Initiatives
Recipient Amount Status
Funding to Virginia Commercial Space Flight Authority to provide assistance for
Appropriated in Item 431 A. and B. of Chapter 1289 (2020
construction of a hangar for unmanned vehicle operations and to support the development 7,500,000
Appropriation Act), Effective July 1, 2020.
of an improved launch team maintenance facility complex
Appropriated in Item 447.10 B of Chapter 552 (2021
Funding for various Transportation Initiatives 20,000,000
Special Session Appropriation Act), Effective July 1, 2021.
Funding to the City of Porthsmouth to be used as the local match for the Complete High
Street Innovation Corridor Improvement Project to provide multi-modal, complete streets Appropriated in Item 452 O.2 of Chapter 1 (2023 Special
4,800,000
roadway improvements along High Street between Martin Luther King Expressway to Session Appropriation Act), Effective July 1, 2023.
Chestnut Street
Funding to Virginia Commercial Space Flight Authority to effectuate the purchase of a
Appropriated in Item 452 O.3 of Chapter 1 (2024 Special
site, apporoximately 545 acres, adjacent to the NASA Wallops Flight Facility to support 11,000,000
Session Appropriation Act).
development and prevent encrochment at the launch pad area.
Funding Initiatives Total $43,300,000
Directed Funds
Recipient Amount Status
Directed by the Governor at the Recommendation of the
Funds to Virginia Commercial Space Flight Authority to support modifications to launch
20,000,000 Secretary of Transportation and Secretary of Commerce and
pad 0A at the Mid-Atlantic Regional Spaceport Project
Trade.
Directed by the Governor at the Recommendation of the
Funding to the City of Suffolk for the Route 460 Road Improvement Project to support
30,100,000 Secretary of Transportation and Secretary of Commerce and
the Port 460 Logistics Center development.
Trade.
Directed Funds Total $50,100,000
TOTAL AWARDS/ FUNDING PROVIDED BY FUND $202,166,705
Awards/Projects Unable to Reach Financial Close
Type of Date of
Recipient Project Location Assistance Amount Award Status
TPOF loan could not be executed in
accordance with the business agreement
Spotsylvania,
Flour Virginia, Inc and between VDOT, Fluor and Transurban at the
Stafford, Prince
Transurban USA I-95/I-395 HOT Lanes Loan $10,000,000 8/22/2006 preliminary stage of project development
William and Fairfax
Development, Inc. under TPOF's statutory requirements. A
Counties
State Infrastructure Bank (SIB) loan was
approved for the project and repaid at closing.
Wolseley Economic City of Newport Due to the decline in the economy the plans
City of Newport News Grant 2,700,000 8/22/2006
Development Project News for expansion were suspended.
2 Grants- 4/11/2007
Coalfields Expressway Buchanan, Wise and Project was unable to receive FHWA
VDOT $5,000,000 10,000,000 and
Rockhouse Section Dickenson Counties approval and the funds have been rescinded.
each 2/25/2009
Coalfields Expressway 2 Grants- Project has become eligible for 100% federal
Buchanan, Wise and
VDOT and U.S. Route 460 $5,000,000 10,000,000 8/12/2011 funding. TPOF funds have been rescinded
Dickenson Counties
Connector each since they were no longer needed.
Grant returned. Economic Development
I-95/ Willis Road
Chesterfield County Chesterfield County Grant $5,000,000 8/16/2016 project withdrawn, no longer eligible for
Interchange
TPOF.
Renaissance Drive Grant returned. Scope of project changed and
County of Frederick Frederick County Grant 1,995,682 3/1/2017
Extension TPOF was no longer needed.
Grant returned. Unable to execute grant
City of Richmond Stone Brewery Phase II City of Richmond Grant 950,000 1/11/2018
agreement with Department.
Unable to Reach Financial Close Total $40,645,682
Attachment: Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
Page 4
Period Ending June 30, 2024
Attachment
Awards/Projects Not Receiving Award
Type of
Recipient Project Location Assistance Amount Status
The project was denied award due to
County of
County of Rockingham Southeast Connector Grant $4,980,938 ARRA funding received for Port
Rockingham
Republic Road in the area.
City of Virginia The fund was not open to applications
City of Virginia Beach Atlantic Avenue Grant 2,497,000
Beach at the time of submittal.
The project was denied award
because City-controlled state
City of Virginia transportation funds were available
City of Virginia Beach Atlantic Avenue Grant 2,744,000
Beach for the project and TPOF cannot be
used to supplant existing or
programmed funds.
Not Receiving Award Total $10,221,938
Awards/Projects Not TPOF Eligible
Type of
Recipient Project Location Assistance Amount Status
The project did not meet
Western Freeway Commonwealth of
Virginia Port Authority Grant $4,800,000 Transportation or Economic
Rail Relocation Virginia
Development Evaluation Criteria.
Capital Region There were several statutory conflicts
Holliday Properties County of Hanover Grant 5,000,000
Center with the application and project.
There were several statutory conflicts
The Olde Dominion
Old Dominion Ag County of with the application and project.
Agriculture Foundation, Grant 300,000
Complex Pittsylvania Other funding has been identified for
Inc
the project.
The Route 28 Highway Rt. 28 Corridor
Transportation Improvements- Loudoun and Fairfax The project did not meet the
Grant 5,000,000
Improvement District Northbound Counties Economic Development Criteria.
Commission Widening
County of Prince Commuter Parking County of Prince The project did not meet the
Grant 5,000,000
William Garage William Economic Development Criteria.
The project did not meet the
Washington County King Mill Pike Washington County Grant 2,000,000
Economic Development Criteria.
Not Eligible Total $22,100,000
Attachment: Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
Page 5
Period Ending June 30, 2024
Attachment
Semiannual Report on the Transportation Partnership Opportunity Fund
Activity/Award Details to Date
Chapter 847 of the Acts of Assembly of 2007 and Chapter 780 of the Acts of Assembly of 2016
Item 449.10 and Item 453 G - $305,000,000 Appropriation
Through Item 449.10 of Chapter 847 of the Acts of Assembly of 2007, $305,000,000 was allotted to TPOF out of the $500,000,000 for the 2007 Transportation
Initiative (the "Initiative") projects.
In 2008, the General Assembly, through Item 462 of Chapter 879 of the Acts of Assembly of 2008, reappropriated $180,000,000 of the $500,000,000 back to
the Commonwealth of Virginia's General Fund. To substitute for these monies, Item 459 H. of Chapter 879 of the Acts of Assembly of 2008 authorized the
issuance of $180,000,000 of Capital Projects Revenue bonds.
Item 453 G of Chapter 780 of the Acts of Assembly of 2016 dedicated the $31,070,647 that was remaining from the previous allocation to Road Improvements at
military installations and improvements at interstate rest areas throughout the Commonwealth.
Item 437 C and Item 4-1.03 of Chapter 836 of the Acts of Assembly of 2017 dedicated the any funds deposited pursuant to Item 453 G.2 of Chapter 836 of the
Acts of Assembly of 2017 to fund additional facilities at Mid-Atlantic Regional Spaceport.
The following are the 2007 TPOF's Initiative projects receiving award and their status:
Project Grant Amount Location Status
I-495 Capital Beltway HOT Lanes $157,207,586 Northern Virginia Grant is fully disbursed.
Route 58 Hillsville Bypass 77,000,000 Town of Hillsville Grant is fully disbursed.
Route 50 Widening 14,721,767 County of Fairfax Grant is fully disbursed.
The funds were paid out in August 2011
based on the grant agreement with the City.
Norfolk Southern Corporation (NSC) - City of Virginia The funds were returned in March 2017
20,000,000
Right-of-Way Acquisition Beach because the project did not advance and
repayment was required. See Chapter 836
(2017), Item 453 G.1.
County of
I-295/Meadowville Interchange 5,000,000 Grant is fully disbursed.
Chesterfield
Total $273,929,353
The remaining projects identified for funding through the 2007 Initiative and their respective status follow:
Project Location Status
Environmental Impact Statement (EIS) for It was determined that the project did not qualify for TPOF and other funds were
County of Frederick
Route 37 - Eastern Bypass identified to perform EIS.
A mutual agreement was reached between the City and the Secretary of
Transportation to fund the NSC ROW acquisition at $20,000,000 instead of the I-
I-64/I-264 Interchange City of Virginia Beach 64/I-264 Interchange. The funds were paid out in August 2011 based on the grant
agreement with the City. The funds were returned in March 2017 because the
project did not advance and repayment was required.
Attachment: Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
Page 6
Period Ending June 30, 2024
Attachment
Semiannual Report on the Transportation Partnership Opportunity Fund
Activity/Award Details to Date
The following table summarizes the current awards from the $305,000,000 appropriation:
Capitalization $305,000,000
Project Grant Amount Type of Assistance Eligibility Criteria
I-495 Capital Beltway HOT Lanes $157,207,586 Grant PPTA Project
U.S. Route 58 - Hillsville Bypass 77,000,000 Grant PPTA Project
U.S. Route 50 Widening 14,721,767 Grant Design-Build Project
NSC Right-of-Way Acquisition* 0 Grant Per FTA Requirements
I-295/Meadowville Interchange 5,000,000 Grant Design-Build Project
Item 453, G. of Chapter 780, 2016 Acts of
Road Improvements to military installations 23,110,000 Grant
Assembly
Item 453, G. of Chapter 780, 2016 Acts of
Improvements at interstate rest areas 7,960,647 Grant
Assembly
Item 437, C. of Chapter 836, 2017 Acts of
Mid-Atlantic Regional Spaceport 20,000,000 Grant
Assembly
Total Awards $305,000,000
Authorization Balance $0
*See Norfolk Southern Corporation Right-of-Way Acquisition on page 6
Attachment: Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
Page 7
Period Ending June 30, 2024
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