DOT Provides Virginia $1.05 Billion Low-Interest Loan

Constructing extension for 2.5 miles of express lanes

On Thursday, the U.S. Department of Transportation (DOT) announced that they provided a $1.05 billion low-interest loan to extend express lanes on Interstate 495 in Virginia. The loan was made through the DOT’s Build America Bureau, which provides loans to eligible infrastructure projects across the country. This expansion project in Virginia is expected to be completed in December 2025.

“This multimodal project will ease congestion, keep unwanted traffic out of residential neighborhoods, and connect to future express lanes at the American Legion Bridge, a notorious bottleneck,” said Deputy Transportation Secretary Polly Trottenberg. “The project also includes long-term annual transit investment from toll revenues and will reconnect communities with pedestrian and bike paths as well as two new overpasses.” 

As the Lord Leads, Pray with Us…

  • For Deputy Transportation Secretary Trottenberg as she oversees infrastructure projects.
  • For wisdom for U.S. Transportation Department officials as funding is allotted across the nation.
  • For federal, state, and local officials to use the funds with efficiency and discernment.

Sources: Department of Transportation


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