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CVTA finance committee commits $4 million in interest earnings to Fall Line Trail shortfall
Summary
The Central Virginia Transportation Authority Finance Committee voted May 14 to commit $4,000,000 of interest earnings to the Fall Line Trail design‑build 2 project and to place roughly $1,050,000 into the regional project balance entry.
The Central Virginia Transportation Authority Finance Committee voted May 14 to commit $4,000,000 of interest earnings to the Fall Line Trail design‑build 2 project and to place roughly $1,050,000 into the regional project balance entry.
Mister Parsons, CVTA staff, told the committee that VDOT's bid returns for the design‑build contract exceeded prior estimates and that "the delta is about $10,200,000, between the original understanding and the range of bids that have come back." He said CVTA's prior…
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