McAuliffe: Financing completed for new $756 million CBBT tunnel project Nov 16 2016 Financing arrangements are complete, allowing the construction of a new two-lane tunnel under the Thimble Shoal Channel at the Chesapeake Bay Bridge Tunnel to proceed, Gov. Terry McAuliffe’s office announced Tuesday. The Chesapeake Bay Bridge and Tunnel Commission, the entity that owns, operates and maintains the 17.6-mile-long water crossing that links Hampton Roads with the Eastern Shore, will primarily use state and federal bonds to pay for the $756 million project. One day before the governor’s announcement, the U.S. Department of Transportation announced it had awarded a $338.5 million loan to support the project’s financing. Read More
Search by Keyword Search News Types eBlast MessagesI-95 Hot LanesRoute 29 SolutionsI-64 Capacity ImprovementsDominion BoulevardNews ArticlesElizabeth River TunnelsRoute 50 WideningRoute 58 Widening It's Time to Fix I-81 View All Popular Tags ARTBA Bridge Bridges Capacity Capacity Improvements Central Virginia Chesapeake Bay Bridge Tunnel CTB Facts Fair Funding 2020 Fair FUnding 2020 Fairfax FairFunding2020 Federal Funding Fredericksburg funding Funding funding model Gas Tax Grocery Tax Hampton Roads HB 2313 HB1887 HB2 HB2313 Highway Improvements I-64 I-64 Capacity Improvements I-66 i-81 I-81 I-81 Funding I-81. Transportation I-81: Exit 150 I-95 improvements Improvements Interstate 81 Lawmakers Northern Virginia NOVA Overpass Public Hearing Richmond Road condition Road Construction Road Repair Roanoke Route 15 Route 28 Route 50 Route 53 Route 7 Rt. 460 Rural Roads safety Safety Six-Year Program SMART SCALE Southwest Virginia State Budget State Funding Statewide Solutions Structurally Deficient Tax Tolling tolls Tolls Traffic transportation Transportation Transportation Funding TRIP U.S. 460 Upgrades VDOT Virginia Widening Additional Resources Virginia Transportation Construction Alliance Virginia Department of Transportation See a comprehensive list of transportation projects in Virginia Archives + 2014 + 2013 + 2012 + 2011 + 2010 + 2009