Report on the Transportation Partnership Opportunity Fund, August 27, 2025
Summary
This is an August 27, 2025 memorandum from W. Sheppard Miller, III, Secretary of Transportation, to The Honorable Lamont Bagby, Karrie Delaney, L. Louise Lucas, Luke E. Torian and Vivian E. Watts, subject Report on the Transportation Partnership Opportunity Fund (TPOF). It states that the report is made on behalf of Governor Glenn Youngkin for the period ending June 30, 2025. Activity in the period includes $8,000,000 provided to the Virginia Port Authority to support dredging near the north end of Wallops Island and $20,000,000 directed from TPOF to the Exit 211 Interchange Improvement Project in New Kent County. The memorandum says the Fund received $18,489,978 in interest revenue for the period and has an uncommitted balance of $82,606,743. Governors have approved awards totaling $108,766,704.
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“Report on the Transportation Partnership Opportunity Fund, August 27, 2025.”
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COMMONWEALTH of VIRGINIA
Office of the Governor
W. Sheppard Miller JU
Secretary of Trnnsportnl ,on
August 27, 2025
MEMORANDUM
TO: The Honorable Lamont Bagby
The Honorable Karrie Delaney
The Honorable L. Louise Lucas
The Honorable Luke E. Torian
The Honorable Vivian E. Watts
FROM: W. Sheppard Miller, III
Secretary of Transportation
SUBJECT: Report on the Transportation Partnership Opportunity Fund
Pursuant to Section §33.2-1529.l 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, 2025.
During this reporting period of January l, 2025, to June 30, 2025, the TPOF program
experienced the following activity:
• Item 451 G.1 of Chapter 725 of the 2025 Session of the Virginia Acts of Assembly
provided $8,000,000 to the Virginia Port Authority to support dredging near the north
end of Wallops Island. The Virginia Port Authority shall administer such a dredging
project to create a navigable water channel for transport of rocket components and other
uses to serve all commercial partners at the spaceport until longer term solutions are
implemented to ensure that the Virginia spaceport remains competitive.
• Item 452 0.3 of Chapter 1 of the 2024 Special Session of the Virginia Acts of Assembly
provided up to $11,000,000 to effectuate the purchase of properties adjacent to the NASA
Wallops Flight Facility. The funds were provided to the Authority in fiscal year 2024
after an agreement was executed between the Authority and the Department that any
unused portion of the funds after closing on the properties would be returned. The
Virginia Commercial Space Flight Authority returned $378,877 to the Fund on June 11,
2025, in accordance with the agreement.
Patrick Henry Builtling • 1111 E.,st Broad Street • R,hmond. V1rg11ua 23219" (804) 786-8032 • TTY (800) 828-1120
The Honorable Lamont Bagby
The Honorable Karrie Delaney
The Honorable L. Louise Lucas
The Honorable Luke E. Torian
The Honorable Vivian E. Watts
August 27, 2025
Page2
• Governor Youngkin directed $20,000,000 from TPOF to the 1-64 Exit 211 Interchange
Improvement Project in New Kent County at the recommendation ofthe Secretary of
Transportation and the Secretary ofCommerce and Trade. The CTB allocated the funds
on June 24, 2025. The funds will be used to address the transportation needs ofthe New
Kent City Center and Farms ofNew Kent development opportunities. VDOT has
developed a project plan (project) with an estimated cost of$94 million to (i) construct a
new two-lane bridge, adjacent to the existing bridge, to carry Route 106 traffic over 1-64
to facilitate a Diverging Diamond Interchange; (ii) widen and realign 1-64 ramps to add
capacity and tie into Route 106 improvements; and (iii) construct a shared use path for
the length ofthe Project along Route 106. The project will be administered by the VDOT
after entering into project administration agreements with New Kent County, the Central
Virginia Transportation Authority, and Buc-ee's, who are also contributing to the cost of
the project.
• The Fund received $18,489,978 in interest revenue for the reporting period.
• The Fund has an uncommitted balance of$82,606,743.
From the Fund's inception through June 30, 2025, fifty-two applications related to forty-one
separate projects have been received requesting a total of $237,031,970 in TPOF assistance.
Governors have approved awards totaling $108,766,704 and directed $70,100,000 to projects.
To date, the Fund has been capitalized in the amount of$618,591,080 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 1, 2011 from the Commonwealth Transportation
Fund pursuant to Item 452 H. of Chapter 890 ofthe Acts ofAssembly of2011;
• $75,000,000 made available from Virginia Transportation Infrastructure Bank
pursuant to Item 452 0.1. ofChapter l 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 ofthe revenue ofthe Commonwealth Transportation Fund in the Six
Year Financial Plan adopted prior to July 1, 2023 for fiscal years 2025 through 2030
The Honorable Lamont Bagby
The Honorable Karrie Delaney
The Honorable L. Louise Lucas
The Honorable Luke E. Torian
The Honorable Vivian E. Watts
August 27, 2025
Page3
pursuant to Item 438 K. l of Chapter 2 of the Virginia Acts of Assembly Special
Session I of 2024; TPOF received the first transfer of $15,000,000 in July 2024.
• TPOF is provided with one-third of all 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,
2025, TPOF has received $123,591,080 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 $190,000,000 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 $190,000,000, 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, 2025.
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 Juan Pablo Segura, Secretary of Commerce and Trade
The Honorable Stephen E. Cummings, Secretary of Finance
:;;)IC,&<
W. Sheppard Miller Ill
Secretary of Transportation
Attachment
Semiannual Report on the Transportation Partnership Opportunity Fund
Activity/Award Details to Date
The table below summarizes the awards to date and the rcmaimng balance fom1 the SI00 million in capitalization as of June 30, 2025
Capitalizations
July I, 2006 $50,000,000
July I, 2011 50,000,000
July I, 2023 75,000,000
July I, 2024 15,000,000
Interest Earnings 123,591,080
Total Funding Available SJ Il,21,DBI!
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 Desij!n-Build Project
Coun of Prince Geore 10,000,000 Grants 5/19/2008 Economic Develoement
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 Develoement
Virginia Comm. Seace Flight Authority 5,000,000 Grant 9/15/2011 Economic Develoement
Citr of Winchester 47,533 Grant 12/20/2011 Economic Devctoement
11/14/2011
Virginia Comm. Space Flight Authority 10,000,000 Grants Economic Development
and 1217/2012
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. Seace Flight Authonty 5,000,000 Grant 2/5/2013 Economic Develoement
Deeartment of Aviation 151,085 Grant 2/13/2013 Economic Development
County of Accomack 4,000,000 Grant 7/26/2013 Des1n-Build Project
County of Giles 724,878 Grant 7/26/2013 Economic Develoemcnt
Rt. 28 HTIDC 5,000,000 Grant 7/26/2013 PPTA Project
EDA ofNewEort News 1,000,000 Grant 1/5/2015 Economic Devctoement
1/11/2018
County of Frederick 1,169,602 Grant Economic Development
and 8/1/2018
Virginia Port Authority 5,000,000 Grant I 0/4/2018 Transportation Service
Virginia Comm. Seace Flight Authorit 5,000,000 Grant 11/13/2018 Economic Develoement
Virginia Comm. Seace Flight Authorit 7,500,000 7/1/2020 Chaeter 1289 Item 431 {a)ib)
Transportation Initiatives 20,000,000 7/1/2020 ChaEter 552 Item 44 7. IO (b)
EDA of the Cit of Hameton 979,681 Grant 1/11/2021 Economic Develoement
EDA of New Kent Count 2,000,000 Grant 6/28/2022 Economic Develoement
County of Stafford 644,440 Grant 6/28/2022 Economic Develoement
EDA of Warren County 155,516 Grant 6/28/2022 Economic Dcveloement
City of Portsmouth 4,800,000 7/1/2023 Chapter I Item 452 0.2
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 10,621,123 5/13/2024 Chapter I Item 452.0.3
City of Suffolk 30,100,000 6/28/2024 Directed Award By Governor
Virginia Port Authority 8,000,000 7/1/2024 Chapter 725 Item 451.G. I
VDOT - 1-64 Exit 211 Interchange Project 20,000,000 6/24/2025 Directed Award By Governor
Total Awards $229,787,827
Reductions* 1,196,510
Available for Award $82,606,743
*FY 2009-2025 Indirect Costs and Governor's FY 2010 Operational Efficiencies Reduction
Attachment: Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
Period Ending June 30, 2025
Attachment
Semiannual Report on the Transportation Partnership Opportunity Fun<
Activity/Award Details to Date
The following identifies lhe rccipienls, the projects and the awards made, and the actions taken from TPOF, along with their current status:
Awards/Projects with Financial Close
Type of Date of
Recipient Project Location Assistance Amount Award Status
Grant is fully disbursed Granl
Buchanan, Wise and
VDOT Coalfields Expressway Granl 1,772,740 4128!2006 awarded was S2,000,000. Final
Dickenson Counlies
grant amounl was$ I, 172,740,
State Roule 28 llighway
Rt. 28 Corridor Loudoun and Fairfax
Transportalion 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 812212006 Grant 1s fully disbursed.
Newport News Project Glouceslcr
Town ofLeesburl! Balllefield Parkwat Town of Leesburl! Grant 5,000,000 2/1212007 Grant is full:t: disbursed
2 Grants- Granls arc fully disbursed. Grants
Coalfields Expressway Buchanan, Wisc and 413/2008 and
VDOT $5,000.000 9,892,200 awarded were $10,000,000, Fmal
Hawks Nest Section Dickenson Counties 2125/2009
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 5119:2008 Grants are fully disbursed
Development Project George
each
County of Loudoun Pacific Boulevard County of Loudoun Grant 3,000,000 513{2010 Grant 1s fully disbursed.
Mid-Atlantic Regional Grant is fully disbursed Grant
County of Accomack Spaceport (MARS) - County of Accomack Grant 3,250,968 9130/2010 awarded was $3,427,412 Fmal
Qrllili!l Sin!;S CQl1l, llmu1 illllQ11n1 wi!s ,u.rni.228,
Virginia Commercial
Space Flight Authority MARS County of Accomack Grant 5,000,000 9/1512011 Grant 1s fully disbursed.
VCSFA
Virginia Commercial 2 Grants- 11, 141201 l
Space Flight Authority MARS County of Accomack SS.000,000 10,000,000 and Grants are fully disbursed.
(VCSFA each 1217t20l2
The City was unable to complete
Monticello Drive ongmal proJect due to ROW issues.
City of Winchester Expansion- Rubbennaid City of Winchester Grant 47,533 l2120l201 I Grant amount is equivalent to the
Products expansion first disbursement made m good
faith ofaward.
llarrisonburg Southeast County of
County of Rockingham Grant 5,000,000 6/512012 Grant is fu 11 y disbursed.
Connector Rockingham
2 Grants•
USMC Heritage Center County of Prince S2.242.350
County of Prince William 4,978,062 615l2012 Grant is fully disbursed.
Improvements William and
S2,735,712
Virginia Commercial
Loan has been con vcrted to a grant.
Space Flight Authority MARS County of Accomack Grant 5,000,000 1'2512013
Grant is fully disbursed.
(VCSFA)
Virginia Commercial
Space Flight Authority MARS County of Accomack Grant 5,000,000 21512013 Grant is fully disbursed.
(VCSFA}
Grant is fully disbursed. Grant
Department of Aviation Emporia City of Emporia Grant 151.085 2.113.2013 awarded was $162,210 Fmal grant
amount was $151,085.
Page Total IM,!l2,!il!Z
Attachment Transportation P:l.r1tl,CT$hip Opportumty Fund (TPOF) Semi-annual Report
Period Ending June 30. 2025
Attachment
Semiannual Report on the Transportation Partnership Opportunity Fun<
Activity/Award Details to Date
Awards/Projects with Financial Close - Continued
Type of Date of
Recipient Project Location Assistance Amount Amird Status
County of
County of Accomack Wallops Research Park Grant 4,000,000 7'2612013 Grant 1s fully disbursed.
Accomack
County of Giles Celanese Acetate County of Giles Grant 724,878 7/'2612013 Grant 1s fully disbursed.
State Route 28 lhghway
Transportation Route 28 bridge widening Loudoun and
Grant 5,000,000 7/26!2013 Grant 1s fully disbursed
Improvement Distnct over the Dulles Toll Road Fairfax Counties
Commission
Economic Development
City of Newport
Authority of the Cny of Liebherr Expansion Grant 1,000,000 1 1 512015 Grant 1s fully disbursed.
News and Hampton
Newport News
Ill 112018 Grant 1s fully disbursed. Grant
Navy Federal Credit
Cot1nly of Frederick Frederick County Grant 1,169,602 and awarded was $1,290,000. Final
Union Expansion
8!0[12018 grant amount is SI,169,602.
Virginia Commercial Rocket Lab- Venture Work is underway. Grant is fully
Accomack County Grant 5,000,000 I 1113/2018
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
Tcm1inal
Economic Development Grant is fully disbursed Grant
Huntmgton Ingalls
Authority of the City of City of 1-lampton Grant 979,681 Ill 1/2021 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 6,2812022 Grant is fully disbursed
County Center
Grant is fully disbursed. Grant
Establishment of DI-IL
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
Touch Processing and Warren County Grant 155,516 6:2812022 Grant 1s fully disbursed.
Development Authority
Distribution Facility
Chesterfield • conom1c Establishment of LEGO Work is underway. no
Chcstcrlield County Grant 5,000,000 1'1512024
Development Authonty Distribution Center d1sbuscmcnts made to date.
Page Total $30,674,117
Prior Page Total $78,092,587
Financial Close Total $108,766,704
Awards/Projects Pending Financial Close
Type of Date of
Recipient Project Location Assistance Amount Award . laltii
There arc not any projects pending Financial Close.
Pending Financial Close Total $0
TOTAL AWARDS APPROVED BY THE GOVERNOR $108,766,704
Attachment: Transportation Partnerslnp Opportumty Fund (TPOF} Scnu-annual Report
Period Ending June 30. 2025
Attachment
Semia nnual Report on the Transportation Partnership Opportunity Fund
Activity/Award Details to Date
Funding Initiatives
Amount Status
Funding to Virginia Commercial Space Flight Authority to provide assistance for
Appropnatcd m Item 43 1 A. and B. of Chapter 1 289 (2020
construction of a hangar for unmanned vehicle operations and to support the 7.500,000
Appropnat1on Act), Effective July l . 2020
development ofan improved launch team maintenance facil ity complex
Appropnated in Item 44 7. IO B of Chapter 552 (202 1 Special
Funding for various Transportation Initiatives 20,000,000
Session Appropriation Act), Effective July I , 202 l
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 Appropnated m Item 452 0.2 of Chapter I (2023 Special Session
4,800,000
modal, complete streets roadway improvements along High Street between Appropnallon Act), Effecllve July I , 2023.
Martin Luther King Expressway to Chestnut Street
Funding, 10 Virginia Commercial Space Flight Authority 10 e ffectuate the
purchase of a site, apporoximatcly 545 acres, adjacent to the NASA Wallops Appropriated in Item 452 0.3 of Chapter I (2024 Special Sessmn
1 0,62 1 , 1 23
Fl ight Facility to support development and prevent encrochment at the launch Appropriation Act)
pad area
Fundini to the Virginia Port Authority 10 support dredging near the north end of
Appropnated m Item 45 1 G. I of Chapter 725 (2025 Session
Wallops Is land to create a navigable water channel for transport of rocket 8.000,000
Appropnallon Act).
components ensuring that Virginia Spaceport remains cometitive
Funding l nitialives Tola! S 50 '9 2 1 • ' 23
===========
Directed Funds
Recipient Amount Status
Directed by the Governor at the Recommendation of the Secretary
Funds to Virginia Commercial Space Flight Authority to support modifications
20,000,000 ofTransportation and Secretary of Commerce and Trade.
to launch pad OA at the Mid-Atlantic Regional Spaceport Project
Allocated by CTB on December 4, 2023.
Di rected by the Governor at the Recommendation of the Secretary
Funding to the City of Suffolk for the Route 460 Road Improvement Project to
30. 1 00,000 of Transportation and Secretary of Commerce and Trade.
upport the Port 460 Logi sties Center development
Allocated by CTB on July 16, 2024.
Directed by the Governor al the Recommendation of the Se<:retaf)
Funding to the 1-64 Exit 2 1 1 Interchange project in New Kent County in support
20,000,000 of Transportallon and Secretary of Commerce and Trade
of the New Kent Ci ty Center and Farn1s of New Kent development opportun ities
Allocated by CTB on June 24. 2025.
Di rected Funds Total S70, 100,000
TOTAL A \V ARDS/ FUNDING PROVI DED BY FUND $229,787,827
Awa rds/Proj ects Unable to Reach Financial Close
Type or Date or
Rccipicn l Proj ect Location Assi,1 an« Amounl Award Stal us
TPOF loan cou ld not be executed 111 accordance
Spotsylvania,
Flour Virginia, Inc with the business agreement between VDOT, Fluor
Stafford. Pri nee
and Transurban USA 1-95/1-395 HOT Lanes Loan SI 0.000,000 8/2212006 and Transurban. A State Infrastructure Bank (SIB)
Will iam and
Development, Inc. loan was approved for the project and repaid at
Fairfax Counties
closing.
City of Newport Wolseley Economic City of Newport Due to the dec line in the economy the plans for
Grant 2,700.000 8/2212006
News Development Project News expansion were suspended
Buchanan, Wisc 2 Grants- 41 1 1 12007
Coalfields Expressway Project was unable to receive FI IW A approval and
VDOT and Dickenson SS.000,000 1 0,000.000 and
Roe khouse Section the funds have been rescinded.
Counties each 212512009
Coalfields Expressway Buchanan, Wise 2 Grants- Project has become eligible for l 00% federal
VDOT and U.S. Route 460 and Dickenson $5,000,000 1 0.000,000 8,' 1 2120 1 1 fund ing. TPOF funds have been rescinded smcc
Connector Counties each they were no longer needed.
l-95/ Willis Road Chesterfield Grant returned. Econonue Development proJect
Chesterfield County Grant S5,000,000 8/ 1 6120 1 6
Interchange County withdrawn, no longer ehg1ble for TPOF
Renaissance Drive Grant ren1rncd. Scope of project changed and TPOF
County of Frederick Frederick County Grant 1 .995,682 3.i l f2 0 1
E:1: tcnsion was no longer needed
Grant ren1mcd. Unable to execute grant agreement
City of Richmond Stone Brewery Phase II City of Richmond G rant 950.000 I J I I '20 1 8
with Department.
U n able to Reach Fi nancial Close Total Sll,UMlU
Attachment · Transporta110n Partnership Opportunity Fund (TPOF) Semi-annual Report
Period Ending June 30, 2025
Attachment
Awards/Projects Not Receiving Award
Type or
Recipient Project Location Assistance Amount Status
The project was dcmed award due lo
County of
County of Rockingham Southeast Connector Grant $4,980,938 ARRA funding received for Port
Rockingham
Republic Road m the area
City ofVirgima The fund was not open lo
City of Virginia Beach Atlantic Avenue Grant 2,497,000
Beach applications at the tune of subnuttal.
The project was dcmed award
because City-controlled state
City of Virginia transportation funds were a\ ailable
City of Virginia Beach Atlantic Avenue Grant 2,744,000
Beach for the project and TPOF cannot be
used to supplant ex1stmg or
programmed funds.
Not Receiving Award Total s12z221.938
A"ards/Projeets Not TPOF Eligible
Type or
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 Relocauon Virgm1a
Development Evaluation Criterw
Capital Region There were several statutory conflicts
Holliday Properties County of Hanover Grant 5,000,000
Center wuh the applicallon and project.
There were several statutory conflicts
The Olde Dominion
Old Dominion Ag County of with the application and proJcct
Agriculture Foundation, Grant 300,000
Complex P11tsylvanrn Other funding has been identified for
Inc
the project.
The Route 28 Highway Rt.. 28 Comdor
Transpot1a11on Improvements- Loudoun and Fairfax The proJect dtd not meet the
Grant 5,000,000
Improvement District Northbound Counties Economic Development Critena
Comm1ss1on W1dcnmg
County of Prince Commuter Parking County of Prince The project did not meet the
Grant 5,000,000
William Garage Wilham Economic Development Cnterm
2 Grants-
The project did not meet the
W:ishington County King Mill Pike Washington County S2,000,000 4,000,000
Econonnc Development Cntena
Each
Not Eligible Total 524,I 00,000
Attachment: Transpor1ation Pat111crsh1p Opponunity Fund (TPOF) Semi-annual Report
Penod Ending June 30, 2025
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 20 I 6
Item 449.10 and ltem 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 Transponallon
Initiative (the "lnitiati\'c") 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 S 180,000.000 of Capital Projects Re\·enue 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 funds deposited pursuant to Item 453 G.2 of Chapter 836 of the
Acts of Assembly of2017 to fund additional facilities at Mid-Atlantic Regional Spaceport,
The following are the 2007 TPOF's Initiative projects rece1vmg award and their status:
Project Grant Amount Location Status
1-495 Capital Beltway HOT Lanes $157,207,586 Northern Virginia Grant is fully disbursed.
Route 58 Hillsville Bypas 77,000.000 Town of lhllsvillc Grant is fully disbursed.
Route SO Widening 14,721,767 County of Fairfax Grant is fully disbursed.
The funds were paid out in August 201 I
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. Sec Chapter 836
(2017), Item 453 G. l.
County of
1-295/Mcadowville Interchange 5,000,000 Grant is fully disbursed.
Chesterfield
Total .$273,929,353
The remammg projects identified for fundmg through the !007 lnitiativc 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 perfonn 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 1-
l-64>'1-264 Interchange Clly of Virginia Beach 64,'l-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
proJcct did not advance and repayment was required.
Auachment: Transport,llion Partnership Opportunity Fund (TPOF) Semi-annual Report
Period Endmg June 30, 2025
Attachment
Semiannual Report on the Transportation Partnership Opportunity Fund
Activity/Award Details to Date
The following table summarizes the currcm awards from the $30 ,000,000 appropria1ion:
Capilalization $305,000,000
Project Grant Amount Type of Assistance Eligibility Criteria
1-495 Capital Beltway IIOT Lanes S 157,207,586 Grant PPTA Project
U.S. Route 58 • llillsville Bypass 77,000,000 Grant PPTA Project
U.S. Roule 50 Widening 14,721,767 Grant Design-Bmld Project
NSC Right-of-Way Acquisition• 0 Grant Per FTA Reqmremenls
1-295/"Meadowvillc Interchange 5,000,000 Grant Design-Build Project
Item 453, G. of Chapter 780. 2016 Acts
Road Improvements to military installations 23,110,000 Grant
of Assembly
Item 453, G. of Chapter 780, 2016 Acts
Improvements at interstate rest areas 7,960,647 Grant
of Assembly
Item 437. C. of Chapter 836, 2017 Acts of
Mid-Atlanllc Regional Spaceport 20,000,000 Grant
Assembly
Total Awards $305,000,000
Authorization Balance $0
•sec Norfolk Southern Corporation Right-of-Way Acquisition on page 6
Attachment: Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
Period Ending June 30, 2025
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- b4147776531de9d9b1ffd7ac68f47ce6f9118f7aaf01487685c76156a2bb522a
- Our copy
- 2025-RD495.pdf
- Original
- No public link identified.