2008 Session

Budget Amendments - HB29 (Conference Report)

Meadowville Interchange Eligible for TPOF Allocation (language only)

Item 449.1 #1c

Item 449.1 #1c

Transportation, Department of

Page 187, line 40, strike "and".
Page 187, line 43, after "Oceanfront", insert:
", and the Interstate 295/Meadowville Interchange".

(This amendment adds the I-295/Meadowville interchange to the list of projects which are eligible for funding from the Transportation Partnership Opportunity Fund. The Meadowville Interchange will be funded through a combination of federal, local and state funds. Local funds of approximately $20.0 million have been identified, as have federal funds of about $3.5 million. The total project cost is estimated at $40.0 million and both engineering and a majority of the right-of-way acquisition are complete. The interchange is crucial to future employment at the Meadowville Technology Park which is currently one of the five economic development mega-sites in Virginia. With the expansion of Fort Lee, the VCU Engineering School, and the Biotechnology Research Park, this interchange will position the Meadowville Technology Park for significant job expansion and the economic growth which benefits the region and the state.)