Shannon Marshall 804-371-6844
May 5, 2010
VDOT ADVANCES PROCUREMENT FOR U.S. ROUTE 460 CORRIDOR IMPROVEMENTS PROJECT UNDER NEW SOLICITATION
RICHMOND – Seeking new innovative financing methods, the Virginia Department of Transportation (VDOT) announced today it will solicit new proposals for the U.S. Route 460 Corridor Improvements, a Public-Private Transportation Act (PPTA) project to build a new Route 460 between Petersburg and Suffolk.
VDOT’s Acting Commissioner Gregory A. Whirley terminated the current procurement process that started in 2006 and is issuing a new solicitation for proposals (SFP).
Acting Commissioner Whirley stated that, “VDOT appreciates the efforts of our private-sector partners on the project, however, market conditions have changed dramatically since the original SFP was issued in 2006. Consequently, it is in the best interest of the Commonwealth to terminate the current procurement.”
The U.S. Route 460 project remains a high priority for the Commonwealth due to its importance as an emergency and hurricane evacuation route, for strategic military connectivity, safety of the traveling public and the movement of freight in and out of the Hampton Roads ports.
Regarding the issuance of the new solicitation for proposal, Virginia Secretary of Transportation Sean T. Connaughton said, “This roadway is essential to Hampton Roads. It will increase mobility and support emergency planning and military preparedness. We seek private partners with new ideas and innovative financing methods to move the project forward.”
For more information on Route 460 and the Public-Private Transportation Act process, visit www.route460ppta.org.
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