Press release from the Office of Governor Bob McDonnell
RICHMOND, VA - The Virginia Senate passed SB 1446 today 34-6 supporting Governor Bob McDonnell's $4 billion plan to expand and maintain Virginia's transportation system. The plan will provide for the greatest investment in transportation in the Commonwealth in a generation. Governor McDonnell issued the following statement after the Senate's bipartisan vote of support.
"With each new vote in the General Assembly recognizing the merits of our transportation program, we are moving closer to jumpstarting needed transportation projects that will reduce congestion, create jobs and open additional parts of the Commonwealth to economic development while creating a rail operating and capital fund to ensure the continuation of Virginia's passenger rail system.
This fiscally conservative plan leverages our available resources and bonding authority to expedite the important transportation improvements we need. It also saves taxpayers money by capitalizing on some of the best interest rates and construction bids in modern history.