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The Commonwealth Transportation Fund receives revenues from dedicated state and federal sources. The major state revenues are based on Virginia’s official revenue forecast developed by the Department of Taxation. The Virginia Department of Transportation and the Virginia Department of Rail and Public Transportation estimate federal revenues from the Federal Highway Administration and the Federal Transit Administration.
Other funding sources in the plan go specifically to the Northern Virginia Transportation Authority, the Hampton Roads Transportation Accountability Commission, and the Central Virginia Transportation Authority for transportation improvements in those regions. Funding also goes to rail and public transportation, administration and other programs. Dedicated revenue was made available for the Washington Metropolitan Area Transit Authority (WMATA) Capital Fund beginning in Fiscal Year 2019.
Revenues from the fund and other dedicated sources support the Six-Year Financial Plan adopted by the Commonwealth Transportation Board. The current plan totals $55.4 billion for FY 2024-2029.
The first priority for funding is maintaining existing infrastructure. This comes primarily from the financial plan’s Highway Maintenance and Operating Fund.
For the VDOT budget, after maintenance and other programs and needs are funded, remaining construction funding is distributed according to a funding formula:
Together, these. programs improve the commonwealth’s ability to fund the right projects generating the greatest benefit.
The CTB allocates funding through these core programs based on objective and transparent project selection processes.
The Six-Year Improvement Program (SYIP) is a document that outlines planned spending for transportation projects proposed for construction development or study for the next six years.
The SYIP is updated annually and is the means by which the Commonwealth Transportation Board (CTB) meets its statutory obligation under the Code of Virginia to allocate funds to interstate, primary, secondary and urban highway systems, public transit, ports and airports and other programs for the immediate fiscal year. The SYIP also identifies planned program funding for the succeeding five fiscal years. The CTB allocates funds for the first fiscal year of the SYIP, but the remaining five years are estimates of future allocations. Fiscal years start July 1 and end June 30.
The CTB updates the SYIP each year as revenue estimates are updated, priorities are revised, and project schedules and costs change.
Throughout the SYIP development process, there are various points of coordination with regional, metropolitan, and local groups, as well as opportunities for public participation. Development of the SYIP begins in the Fall and the CTB hosts a series of meetings seeking public comment on transportation projects and priorities. The Virginia Department of Transportation and the Department of Rail and Public Transportation (DRPT) carry out various project selection processes and projects are recommended for funding in the Draft SYIP presented to the CTB in the Spring. The CTB hosts a series of public hearings to receive feedback on proposed projects and recommends adjustments to the Draft SYIP as necessary. A Final SYIP is presented to the CTB for adoption in June.
The SYIP contains projects selected for funding through the statewide prioritization process, as well as projects funded through other programs including bridge, paving, safety, and other special federal and state programs. The SYIP also includes projects that are funded by others but administered by VDOT. Candidate projects can be submitted for consideration through the SMART Portal. Individual projects are selected for funding and included in the SYIP, which is adopted by July 1 of each year.
In general, it is the intent of the CTB that projects included in the SYIP are to be fully funded through construction and delivered according to the established budget and schedule. If a locality or metropolitan planning organization requests the termination of a project or fails to advance a project to the next phase, then the locality or localities within the metropolitan planning organization may be required to reimburse the Department for all funds expended on the project.
Allocations available in the following funding programs will be programmed in the SYIP annually:
Allocations available in the fifth and sixth year of the SYIP under development for the following funding programs will be programmed in even-numbered fiscal year SYIP updates:
Allocations available in the first and second year of the SYIP under development for the following funding programs will be programmed in odd-numbered fiscal year SYIP updates:
View a summary of various VDOT transportation funding programs.
Subject to the provisions governing each of these programs, the CTB may adjust the timing of funds programmed to projects from previously adopted programs to meet the cash flow needs of the individual projects, maximize the use of federal funds, or to address revised revenue projections and project priorities. As part of the annual SYIP update, funds no longer needed for the delivery of a project will be reallocated consistent with Board’s priorities for programming funds and federal/state eligibility requirements.
Any funds from the State of Good Repair Program, High Priority Projects Program, or Construction District Grants Program no longer needed for the delivery of a project and will be reserved to address budget adjustments on existing projects selected within those programs or reserved for allocation in the next solicitation cycle for those programs.
In 2015, House Bill 1887 was passed and incorporated into the Code of Virginia (§ 33.2-369) to create the State of Good Repair (SGR) Program. Also, Code of Virginia (§ 33.2-232) and Code of Virginia (§ 33.2-214) have requirements regarding the SGR program.
Known as State of Good Repair (SGR), the program provides funding for deteriorated pavements and Poor Condition — structurally deficient* — bridges owned or maintained by the Virginia Department of Transportation and or localities, as approved by the Commonwealth Transportation Board (CTB). Legislation requires the program to be transparent and based on objectively obtained and developed data.
House Bill 1887 (Chapter 684) Enactment 2 required that the Commonwealth Transportation Board (CTB) approve a prioritization ranking process by July 1, 2016, for structurally deficient bridges and deteriorated pavements. CTB approved the SGR Program Prioritization Process Methodology in June 2016 as outlined in “Resolution of the CTB Approved Process Methodology and FY2017 State of Good Repair Percentage Fund Distribution.” Subsequent Resolutions have since been approved by the CTB to address fund distributions and other matters affecting SGR.
SGR allocations are for rehabilitating or replacing bridges deemed in Poor Condition (SD) on the National Bridge Inventory (NBI) and deteriorated pavement on interstate and primary highways. SGR funds are required to be distributed proportionately between VDOT and localities, based on assessed needs. Each district will receive between 5.5 percent and 17.5 percent of the total available SGR funds in any given year based on its SGR needs as described above. Furthermore, the CTB has the ability to approve two exceptions or waivers to this funding distribution requirement.
* A bridge that has been deemed structurally deficient does not imply that it’s likely to collapse or is unsafe, but there are elements of the bridge that need to be monitored and/or repaired.
For more information, see the SGR Bridge Program or the SGR Primary (Locality) Extension Pavement Program.
Eligible needs:
The Statewide Transportation Improvement Program (STIP) is Virginia’s federally required four-year program that identifies the transportation projects (highway, passenger rail, freight, public transit, bicycle and pedestrian) that will utilize federal transportation funding or require approval from either the Federal Highway Administration (FHWA) or Federal Transit Administration (FTA).
The program must include all projects in an urbanized area that are included in an MPO’s TIP (Metropolitan Planning Organization Transportation Improvement Program) as well as federally funded projects in the nonmetropolitan areas of Virginia. Currently there are fifteen MPO areas.
For more information about each MPO’s TIP, please click the corresponding link for the area.
Federal regulations require each state to produce a STIP at least once every four years; however, Virginia updates their STIP every three years to ensure the program never lapses. Federal regulations require that the STIP demonstrate fiscal constraint to show that the state is not scheduling more transportation projects for construction than it has funding for.
The Virginia Department of Transportation (VDOT) and the Department of Rail and Public Transportation (DRPT) developed Virginia’s STIP for Federal Fiscal Years 2024-2027. VDOT and DRPT worked in cooperation with the MPOs to update their TIPs which are included without change into Virginia’s STIP. VDOT and DRPT were also in cooperation with transportation planning officials in nonmetropolitan areas on inclusion of federally funded projects in the nonmetropolitan areas of Virginia.
Virginia provides many opportunities for the public to provide input on transportation projects and priorities as part of the continuing transportation planning process for the development of the STIP and the state required Six-Year Improvement Program.
On October 18, 2023, the FHWA and FTA approved the Federal Fiscal Years 2024-2027 STIP.
VDOT staff updates and maintains project information for the STIP Groupings in a STIP Groupings Tracking Database. Projects are entered in the database as various actions are submitted in FHWA’s Fiscal Management Information System (FMIS). Reports from the database are regularly shared with FHWA. Below is a link to the STIP Groupings Tracking Report. This report is updated monthly and represents the Federal Fiscal Years 2024- 2027 STIP Groupings Tracking Report as of April 30, 2024.
The Virginia Department of Transportation and the Department of Rail and Public Transportation (DRPT) developed Virginia’s STIP for Federal Fiscal Years 2021 – 24. VDOT and DRPT worked in cooperation with the MPOs to update their TIPs which are included without change into Virginia’s STIP. VDOT and DRPT were also in cooperation with transportation planning officials in nonmetropolitan areas on inclusion of federally funded projects in the nonmetropolitan areas of Virginia.
Virginia provides many opportunities for the public to provide input on transportation projects and priorities as part of the continuing transportation planning process for the development of the STIP and the state required Six-Year Improvement Program.
On Sept. 30, 2020, the FHWA and FTA approved the Federal Fiscal Years 2021 – 24 STIP.
In accordance with federal requirements, the 2021 – 24 STIP has been modified to meet the Performance Based Planning and Programming requirements for Public Transportation Agency Safety Plan. This modification to the STIP was prepared as an addendum to the STIP Appendix F: Performance Based Planning and Programming.
VDOT staff updates and maintains project information for the STIP Groupings in a STIP Groupings Tracking Database. Projects are entered in the database as various actions are submitted in FHWA’s Fiscal Management Information System (FMIS). Reports from the database are regularly shared with FHWA. Below is a link to the STIP Groupings Tracking Report. This report is updated quarterly and represents the Federal Fiscal Years 2021- 2024 STIP Groupings Tracking Report as of September 30, 2023.
Information on the STIP from previous years is available upon request.
The Transportation Partnership Opportunity Fund was created by Chapter 847 of the 2005 Acts of Assembly and amended by Chapter 684 of the 2015 Acts of Assembly.
As provided in §33.2-1529.1 of the Code of Virginia, monies are to be awarded from the fund by the governor as grants, revolving loans, or other financing tools and equity contributions to an agency or political subdivision of the Commonwealth of Virginia to address the transportation aspects of economic development opportunities.
If you have any questions about the application process, contact Laura Farmer at 804-786-3096 or laura.farmer@vdot.virginia.gov.
Chapters 830 and 868 of the 2011 Acts of Assembly created the legal framework for the Virginia Transportation Infrastructure Bank (VTIB, or the bank).
VTIB is a special non-reverting, revolving loan fund that is a sub-fund of the Transportation Trust Fund.
The bank was created for the purpose of making loans and other financial assistance to localities, certain private entities and other eligible borrowers and grants to localities to finance transportation projects.
As provided in §33.2-1500 of the Code of Virginia, the act and the bank are intended to alleviate, in part, a critical need for additional sources of funding to finance present and future needs of the Commonwealth of Virginia for the design and construction of roads and highways. This includes including toll facilities, mass transit, freight, passenger and commuter rail, including rolling stock, port and airport and other transportation facilities.
The purpose of the bank is also to encourage the investment of both public and private funds in the development of eligible transportation projects and to provide an alternative source of financing for present and future transportation needs in the commonwealth.
The management agreement, program guidelines, and selection criteria for the VTIB have been approved by the Commonwealth Transportation Board (CTB). The program overview, program guidelines and selection criteria are provided here: Virginia Transportation Infrastructure Bank criteria and guidelines.
Interested parties should contact Laura Farmer, chief financial officer, at 804-786-3096 or laura.farmer@vdot.virginia.gov.
|
Project |
Entity |
Scoring |
Amount |
CTB Action |
Loan Closing Status |
|
Route 17/Dominion |
City of |
30 |
$151,893,945 |
Closed
|
|
|
Pacific Boulevard Extension Project |
IDA of |
30 |
$36,000,000 |
Closed
|
|
|
|
|
|
|
|
|
|
Potomac Yard Metrorail Station Project |
City of Alexandria |
28 of 37 points |
Up to $50,000,000 Loan |
Closed
|
|
|
Parallel Thimble Shoal Tunnel Project |
Parallel Thimble Shoal Tunnel Project |
27 of 37 points |
Up to $50,000,000 |
Closed
|
|
|
I-395 Express Lanes Northern Extension Project |
95 Express Lanes, LLC |
23 of 30 points |
Up to $45,000,000 |
Closed |
|
|
I-495 Express Lanes Northern Extension |
I-495 Express Lanes Northern Extension |
21 of 30 points |
Up to $49,000,000 |
Closed |
Last updated: May 9, 2024
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