The Virginia Railway Express (VRE) is a convenient and affordable transportation solution for many commuters in Northern Virginia. VRE is jointly owned by the Northern Virginia Transportation District Commission (NVTC) and the Potomac and Rappahannock Transportation District Commission. In a part of the state that faces frequent traffic congestion, VRE provides a safe and comfortable way for residents along the I-66 and I-95 corridors to reach employment centers in Northern Virginia and Washington, D.C.
The Halifax County Courthouse occupies a special place in Virginia history. This architectural treasure is listed on both the VA Landmarks Register and the National Register of Historic Places. The Courthouse was designed by Dabney Cosby, an acolyte of Thomas Jefferson who helped construct the University of Virginia. As such, the building contains many of the iconic neo-classical design elements associated with our third President.
Chesterfield County borrowed $9.86 million from the 2017C Virginia Pooled Financing Program (VPFP) to partially fund three key projects that will benefit County residents for years to come. The three projects include significant enhancements to the River City Sportsplex athletic facility, a new Chesterfield Center for the Arts and an HVAC replacement project.
2017 has brought many changes for people across the nation and the Commonwealth. Such change is being seen in the City of Lynchburg, as the City is beginning to implement a new stormwater management program that helps keep the surrounding watersheds and ecosystems in Lynchburg clean, as well as save the City money overall.
The Middle Peninsula Planning District Commission (MPPDC) knew that local residents were facing grave problems with repairing failing septic systems. The Commission turned to the Clean Water Revolving Loan Fund (CWRLF) for a solution to this pressing problem. The MPPDC secured a $200,000 loan from the CWRLF to support the Regional On-site Wastewater Treatment and Disposal Funding Program. This Program was established in 1997 to improve water quality and address public health concerns in the York, Rappahannock and Lower Small Coastal Watersheds. This Program also supports the Commonwealth's Chesapeake Bay Watershed Implementation Plan.
The James River Water Authority (JRWA) secured approximately $9 million in bond proceeds from the Virginia Pooled Financing Program to provide for the long-term raw water needs of Fluvanna and Louisa Counties. JRWA plans to use these funds to construct a water intake structure on the James River, a pump station, a pipeline from the intake facility to a point close to Route 6 (near Columbia) and a "T" connection that will ultimately send water to both localities. JRWA would operate as a wholesale raw water provider and owner of the related infrastructure improvements.
VRA is pleased to announce the financing of a new solid waste disposal cell through a joint financing between Stafford County and the City of Fredericksburg. This funding is through VRA's Virginia Pooled Financing Program, Series 2015D bond issuance.
VRA knows how important it is for its customers to be good stewards of the limited funds they receive from their users and constituents and the Frederick-Winchester Service Authority (Service Authority) is no exception.
In the world of public finance, successfully completing even a single financing within a six to nine month period can often be a challenging and complex task that requires a significant investment of staff time for a locality.
The Virginia Tourism Corporation (VTC) works to serve the interests of Virginia's economy through several initiatives, including supporting and expanding the Commonwealth's tourism efforts. These efforts are vitally important to the state's overall economic success.