HomeMy WebLinkAbout030607 TransportationImproving the
Transportation System
March 6, 2007
Transportation as a Priority
City Council’s August 2006 Workshop Top
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Improve the Transportation System
Goal: .
Top priorities included:
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Funding Nimmo Parkway Phase V-A
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Funding Princess Anne Road Phase IV
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Roads/”Pay As You Go”Funding Plan
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Funding Nimmo Parkway and Princess
Anne Road
Nimmo Parkway Phase V-A
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Funding programmed through June 2012 -$38.5M
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Balance to Complete (Beyond July 2012) -$28.4M
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Princess Anne Road Phase IV
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Funding programmed through June 2012 –$27.5M
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Balance to Complete (Beyond July 2012) -$18.3M
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Funding could be diverted from the following projects with
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impacts to schedules and future funding requirements:
Elbow Road Phase II
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Indian River Road Phase VII
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Laskin Road Phase I
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Lynnhaven Parkway Phase XI
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Witchduck Road Phase II
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Roads/“Pay-As-You-Go”
Funding Plan
In FY 2007/2008:
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3 cents = $16.0M
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4 cents = $21.3M
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5 cents = $26.7M
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½-cent would be dedicated to on-going
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maintenance projects and ½-cent would be
dedicated to safety improvement projects.
At 4-cents, the balance to complete the
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current CIP program could be fully funded in
approximately 10 years (FY 2016/2017).