Friday, February 11, 2011

Transportation Projects To Grow Virginia Economy By $4.1 Billion | Gov Monitor

Transportation Projects To Grow Virginia Economy By $4.1 Billion | Gov Monitor: "Virginia’s economy would expand by $4.1 billion and support 56,798 additional jobs if 16 infrastructure mega-projects being considered by the Virginia Department of Transportation (VDOT) are completed."

VA Senate Passes McDonnell's Transportation Bill

VA Senate Passes McDonnell's Transportation Bill: "Republican Gov. Bob McDonnell's $4 billion transportation financing proposal has cleared the state Senate despite concerns that most of it is borrowed.

The 34-6 vote clears the last remaining hurdle for the governor's plan to jump-start mothballed highway projects using nearly $3 billion in debt.

Sen. William Wampler, R-Bristol, the bill's sponsor, said opportunities to hire contractors and borrow money at the lowest rates in decades outweighed concerns about taking on too much debt."

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