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Central Virginia Transportation Authority outlines projects, revenue and Powhatan allocations
Summary
CVTA leaders updated the board on regional transportation investments, funding streams and projects that affect the Richmond area. CVTA has committed hundreds of millions to highways, transit and the Fall Line Trail; Powhatan has received about $15.15 million in regional allocations to date.
Representatives of the Central Virginia Transportation Authority briefed the Powhatan Board on CVTA’s latest allocations and regional project pipeline during the Feb. 24 meeting.
Sean Davis, chair of the CVTA board, and Executive Director Chet Parsons summarized CVTA revenue flows (a dedicated sales‑and‑use tax and a fuels tax collected in each locality), described how funds are distributed back to local governments and highlighted major CVTA commitments. Parsons…
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