Report on the Transportation Partnership Opportunity Fund (January 31, 2026)
Summary
This is a January 31, 2026 memorandum from Nicholas M. Donohu, Secretary of Transportation, to The Honorable Lamont Bagby, The Honorable Karrie Delaney, The Honorable L. Louise Lucas, The Honorable Luke E. Torian and The Honorable Vivian E. Watts, with the subject Report on the Transportation Partnership Opportunity Fund. It states that the report is on behalf of Governor Abigail Spanberger for the period ending December 31, 2025. Former Governor Youngkin directed $5,000,000 from the Fund to the Economic Development Authority (EDA) of the City of Williamsburg, $20,000,000 to the County of Albemarle and $35,000,000 to the County of Chesterfield. The Fund received $10,908,474 in interest revenue for the reporting period and has an uncommitted balance of $48,515,208. An attachment lists the awards to date.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
Cite this document
“Report on the Transportation Partnership Opportunity Fund (January 31, 2026).”
Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2026-rd222-4606c793ce/
, SHA-256 18a89140744692c851ff158aedbeed7a19d04cdcf41711b670f02157963680d1.Full text
COMMONWEAL'171 of VIRGINIA
Office of the Governor
Nick Donohue
Secretary of Transportation
January 31, 2026
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: Nicholas M. Donohu
Secretary of Transportation
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 Abigail
Spanberger for the period ending December 31, 2025.
During this reporting period of July 1, 2025, to December 31, 2025, the TPOF program experienced
the following activity:
• Former Governor Youngkin directed $5,000,000 from TPOF to the Economic
Development Authority (EDA) of the City of Williamsburg at the recommendation of the
Secretary of Transportation and the Secretary of Commerce and Trade. The
Commonwealth Transportation Board allocated the funds on October 15, 2025. The funds
will be used to support the completion of the Colonial Williamsburg Transportation and
Arrivals Center Project. The Project will provide designated parking for cars and buses,
accommodate rideshare services, and streamline visitor flow, providing an enhanced
experience for visitors at Colonial Williamsburg's Historic Area. An agreement is pending
with the EDA.
Former Governor Youngkin directed $20,000,000 from TPOF to the County of Albermarle at the
recommendation of the Secretary of Transportation and the Secretary of Commerce and Trade.
The Commonwealth Transportation Board allocated the funds on January 6, 2026. The funds
will be used to support the Boulders Road Improvements Project.
Patrick Henry Building • 1111 East Broad Street • Richmond, Virginia 23219
(804) 786-1151 • TTY (800) 828-1120
www.govemor. virginia,gov
Page2
January 31, 2026
• This Project will extend Boulders Road and loop it back to US 29. The Boulders Road
Improvement Project will play a key role in achieving the Rivanna Futures vision by creating a
second point of egress on US 29 and establishing transportation redundancy not only for the users
of Rivanna Station but for potential partners of Rivanna Futures and private sector businesses and
academic institutions located on the property purchased by the County for the Rivanna Futures
development. An agreement is pending with the County.
• Fonner Governor Youngkin directed $35,000,000 from TPOF to the County of Chesterfield at the
recommendation of the Secretary of Transportation and the Secretary of Commerce and Trade. The
Commonwealth Transportation Board allocated the funds on January 6, 2026. The funds will be
used for the West Area Arterial Collector Project. This Project will serve as a critical access point
to one of the state's premier economic development sites. The West Area Arterial Collector Project
will move the County closer to its 40-year goal of completing the Powhite Parkway and reducing
congestion along Hull Street and would advance the development of one of the few Mega sites in
Virginia near a highly skilled workforce in a major metropolitan area. The full Powhite Parkway
Extension will serve as a critical thoroughfare connection in the Richmond region and serve as a
conduit for supply chain movement in areas west of Richmond. An agreement is pending with the
County.
• The Fund received $10,908,474 in interest revenue for the reporting period.
• The Fund has an uncommitted balance of $48,515,208.
From the Fund's inception through December 31, 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 $130,100,000 to projects. Additionally,
$50,921,123 has been provided through the legislative process.
To date, the Fund has been capitalized in the amount of $644,499,546 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 of the Acts of
Assembly of 2005;
• $305,000,000 pursuant to Chapter 847 of the Acts of Assembly of 2007 and Chapter 780
of the Acts of Assembly of 2016;
• $50,000,000 made available July 1, 2011 from the Commonwealth Transportation Fund
pursuant to Item 452 H. of Chapter 890 of the Acts of Assembly of 2011;
Page3
January 31, 2026
• $75,000,000 made available from Virginia Transportation Infrastructure Bank pursuant to
Item 452 0.1. ofChapter 1 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 of the Commonwealth Transportation Fund in the Six-Year Financial Plan
adopted prior to July 1, 2023 for fiscal years 2025 through 2030 pursuant to Item 438 K. l
of Chapter 2 of the Virginia Acts of Assembly Special Session I of 2024; TPOF has
received $30,000,000 as ofthe date ofthis report;
• TPOF is provided with one-third ofall interest, dividends, and appreciation that may accrue
to the Transportation Trust Fund and the Highway Maintenance and Operating Fund
pursuant to Chapter 1230 ofthe Acts of Assembly of2020. Through December 31, 2025,
TPOF has received $134,499,546 in interest earnings.
The $305,000,000 contribution, as outlined by Chapter 847 ofthe 2007 Acts ofAssembly and Chapter
780 ofthe 2016 Acts ofAssembly, 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 ofthis
report focuses on the use ofthe $205,000,000, interest earnings to the fund and the dedicated revenue
beginning in 2015. The attachment provides a summary and overview ofthe fund in its entirety as of
December 31, 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 ofthe Fund.
The Honorable Carrie H. Chenery, Secretary ofCommerce and Trade
The Honorable Mark D. Sickles, Secretary ofFinance
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 December 31, 2025.
Capitalizations
July 1, 2006 $50,000,000
July 1, 2011 50,000,000
July 1, 2023 75,000,000
Virginia Acts of Assembly Special Session
I of 2024 30,000,000
Interest Earnings 134,499,546
Total Funding Available $339,499,546 $644,499,546
Award/
Allocation
Project Amount Type of Assistance 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 Economic Development
and 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 10,621,123 - 5/13/2024 Chapter 1 Item 452.O.3
City of Suffolk 30,100,000 - 7/16/2024 Directed Award By Governor
Virginia Port Authority 8,000,000 - 7/1/2024 Chapter 725 Item 451.G.1
VDOT - I-64 Exit 211 Interchange Project 20,000,000 - 6/24/2025 Directed Award By Governor
EDA of the City of Williamsburg 5,000,000 - 10/15/2025 Directed Award By Governor
County of Albemarle 20,000,000 - 1/6/2026 Directed Award By Governor
County of Chesterfield 35,000,000 - 1/6/2026 Directed Award By Governor
Total Awards 289,787,827
Reductions* 1,196,510
Available for Award 48,515,208
*FY 2009-2025 Indirect Costs and Governor's FY 2010 Operational Efficiencies Reduction
Attachment: Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
1 of 8
Period Ending December 31, 2025
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 $78,092,587
Attachment: Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
2 of 8
Period Ending December 31, 2025
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 Grant 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
Virginia Port Authority service at Richmond City of Richmond Grant 5,000,000 10/4/2018 Grant is fully disbursed.
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
Touch Processing and Warren County Grant 155,516 6/28/2022 Grant is fully disbursed.
Development Authority
Distribution Facility
Chesterfield Economic Establishment of LEGO Work is underway. $4,742,452
Chesterfield County Grant 5,000,000 1/15/2024
Development Authority Distribution Center remains to be disbursed.
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 Status
There are not any projects pending Financial Close.
Pending Financial Close Total $0
TOTAL AWARDS APPROVED BY THE GOVERNOR $108,766,704
Attachment: Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
3 of 8
Period Ending December 31, 2025
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 7,500,000
Appropriation Act), Effective July 1, 2020.
development of an improved launch team maintenance facility complex
Appropriated in Item 447.10 B of Chapter 552 (2021 Special
Funding for various Transportation Initiatives 20,000,000
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, Appropriated in Item 452 O.2 of Chapter 1 (2023 Special Session
4,800,000
complete streets roadway improvements along High Street between Martin Luther Appropriation Act), Effective July 1, 2023.
King Expressway to Chestnut Street
Funding to Virginia Commercial Space Flight Authority to effectuate the purchase
Appropriated in Item 452 O.3 of Chapter 1 (2024 Special Session
of a site, apporoximately 545 acres, adjacent to the NASA Wallops Flight Facility 10,621,123
Appropriation Act).
to support development and prevent encrochment at the launch pad area
Funding to the Virginia Port Authority to support dredging near the north end of
Appropriated in Item 451 G.1 of Chapter 725 (2025 Session
Wallops Island to create a navigable water channel for transport of rocket 8,000,000
Appropriation Act).
components ensuring that Virginia Spaceport remains cometitive
Funding Initiatives Total $50,921,123
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 to
20,000,000 of Transportation and Secretary of Commerce and Trade. Allocated
launch pad 0A at the Mid-Atlantic Regional Spaceport Project
by CTB on December 4, 2023.
Directed by the Governor at the Recommendation of the Secretary
Funding to the City of Suffolk for the Route 460 Road Improvement Project to
30,100,000 of Transportation and Secretary of Commerce and Trade. Allocated
support the Port 460 Logistics Center development
by CTB on July 16, 2024.
Directed by the Governor at the Recommendation of the Secretary
Funding to the I-64 Exit 211 Interchange project in New Kent County in support of
20,000,000 of Transportation and Secretary of Commerce and Trade. Allocated
the New Kent City Center and Farms of New Kent development opportunities
by CTB on June 24, 2025.
Directed by the Governor at the Recommendation of the Secretary
Funding to the Economic Development Authority of the City of Williamsburg to
5,000,000 of Transportation and Secretary of Commerce and Trade. Allocated
support the Colonial Williamsburg Transportation and Arrivals Center Project
by CTB on October 15, 2025.
Directed by the Governor at the Recommendation of the Secretary
Funding to the County of Albemarle to support the Boulders Road Improvements
20,000,000 of Transportation and Secretary of Commerce and Trade. Allocated
Project
by CTB on January 6, 2026.
Directed by the Governor at the Recommendation of the Secretary
Funding to the County of Chesterfield to support the West Area Arterial Collector
35,000,000 of Transportation and Secretary of Commerce and Trade. Allocated
Project
by CTB on January 6, 2026.
Directed Funds Total $130,100,000
TOTAL AWARDS/ FUNDING PROVIDED BY FUND $289,787,827
Attachment: Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
4 of 8
Period Ending December 31, 2025
Attachment
Awards/Projects Unable to Reach Financial Close
Type of
Recipient Project Location Assistance Amount Status
TPOF loan could not be executed in
Spotsylvania, accordance with the business
Flour Virginia, Inc and
I-95/I-395 HOT Stafford, Prince agreement between VDOT, Fluor and
Transurban USA Loan $10,000,000
Lanes William and Fairfax Transurban. A State Infrastructure
Development, Inc.
Counties 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
City of Newport News Grant 2,700,000
Development Project News plans for expansion were suspended.
Coalfields 2 Grants- Project was unable to receive FHWA
Buchanan, Wise and
VDOT Expressway $5,000,000 10,000,000 approval and the funds have been
Dickenson Counties
Rockhouse Section each rescinded.
Project has become eligible for 100%
Coalfields 2 Grants-
Buchanan, Wise and federal funding. TPOF funds have
VDOT Expressway and U.S. $5,000,000 10,000,000
Dickenson Counties been rescinded since they were no
Route 460 Connector each
longer needed.
Grant returned. Economic
I-95/ Willis Road
Chesterfield County Chesterfield County Grant $5,000,000 Development project withdrawn, no
Interchange
longer eligible for TPOF.
Grant returned. Scope of project
Renaissance Drive
County of Frederick Frederick County Grant 1,995,682 changed and TPOF was no longer
Extension
needed.
Stone Brewery Phase Grant returned. Unable to execute
City of Richmond City of Richmond Grant 950,000
II grant agreement with Department.
Unable to Reach Financial Close Total $40,645,682
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
Attachment: Transportation Partnership Opportunity Fund (TPOF) Semi-annual Report
5 of 8
Period Ending December 31, 2025
Attachment
Awards/Projects Not TPOF Eligible
Type of
Recipient Project Location Assistance Amount Status
The project did not meet Transportation
Western Freeway Commonwealth
Virginia Port Authority Grant $4,800,000 or Economic Development Evaluation
Rail Relocation of Virginia
Criteria.
Capital Region County of There were several statutory conflicts
Holliday Properties Grant 5,000,000
Center Hanover with the application and project.
There were several statutory conflicts
The Olde Dominion Old Dominion Ag County of with the application and project. Other
Grant 300,000
Agriculture Foundation, Inc Complex Pittsylvania funding has been identified for the
project.
The Route 28 Highway Rt. 28 Corridor
Loudoun and
Transportation Improvements- The project did not meet the Economic
Fairfax Grant 5,000,000
Improvement District Northbound Development Criteria.
Counties
Commission Widening
Commuter Parking County of The project did not meet the Economic
County of Prince William Grant 5,000,000
Garage Prince William Development Criteria.
Washington 2 Grants- The project did not meet the Economic
Washington County King Mill Pike 4,000,000
County $2,000,000 Each Development Criteria.
Not Eligible Total $24,100,000
6 of 8
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
7 of 8
Period Ending December 31, 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 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 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
8 of 8
Period Ending December 31, 2025
File and source
- File
- 2026-RD222.pdf
- Size
- 966,568 bytes
- SHA-256
- 18a89140744692c851ff158aedbeed7a19d04cdcf41711b670f02157963680d1
- Our copy
- 2026-RD222.pdf
- Original
- No public link identified.