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CVTA approves multiple projects, adopts interest‑earnings spending plan and authorizes bond validation
Summary
The Central Virginia Transportation Authority approved several standard project agreements including a BRT line and Fall Line Trail design‑build, adopted a FY25 local allocation plan and FY24 certifications, committed $1.5 million of interest earnings to Fall Line wayfinding and split the remainder between a reserve and approved projects, and authorized staff to begin a bond validation process.
The Central Virginia Transportation Authority on roll‑call votes approved a slate of project agreements, adopted administrative plans and authorized staff to move forward on financial preparation steps.
Key approvals included: concurrence on CBTA Project 52 (Route 60/Route 33 Beulah Road roundabout); CBTA Project 58 (Route 5/New Osborne Turnpike improvements) with a $4,000,000 preliminary engineering allocation; city of Richmond standard project agreements including CBTA Project 31 (Whole Street Phase 2/US 360) as listed in the agenda packet; CBTA…
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