2014 Archives
ARTBA Virginia Report
Highway and bridge construction investment by local governments and the Virginia Department of Transportation (VDOT) is a key part of the Virginia economy, supporting $4.6 billion in state economic output, $2.4 billion in Gross State Product (GSP) and 36,390 jobs, a new study finds.
According to Black’s study, $2 billion in transportation infrastructure investment contributes $2.4 billion in value added to Virginia’s GSP and supports 36,390 full-time jobs, with a total annual payroll of $1.4 billion. These jobs are throughout all sectors of the economy, including 3,836 jobs in retail trade and 2,102 jobs in manufacturing, generating and sustaining over $263 million in government revenues. Download the full report.
I-95 HOT Lanes Completed
In December of 2014, the I-95 HOT Lanes in Northern Virginia opened to traffic. The lanes are open to high occupancy vehicles for free; other drivers must pay a toll. In the first month of operations, a reported 200,000 unique EZ Pass customers passed through the lanes. There were more than 37,000 average weekday trips; more than one third of those weekday trips were HOV car-poolers. Learn more about the project here.