The program will allocate $18.6 billion to transportation projects for six fiscal years beginning July 1. VDOT reports the program will fund more than 3,600 transportation projects.
The program allocates $15.2 billion to highway construction, broken out by the following categories:
Rail and public transportation receives $3.4 billion, with $2.6 billion set aside for public transportation projects and $817 million for rail initiatives.
VDOT’s annual budget for FY 2018 is $5.4 billion, a. 1-percent increase from FY 2017. The agency reports that the increase is from more project participation contributions from regional entities and localities, and offsets a reduction in state revenue and lower use of bond proceeds. If there had been no project contributions, the budget would have been $315 million lower.
Highway maintenance and operations represents 35 percent of the budget and highway construction makes up 31 percent.
Specific budget area amounts include: