Va. bonds to help fund Dulles rail
More than $490 million worth of revenue bonds have been sold to help pay for road and transit projects across Virginia.
The 25-year bonds sold Wednesday by the Commonwealth Transportation Board will help fund light rail in Norfolk, work on the Dulles Metrorail extension, rehabilitation of 11 bridges on Interstate 95 in the Richmond District and other projects.
Gov. Bob McDonnell has said the state plans to sell a total $2.2 billion in bonds over the next six years for transportation projects.
-- Associated Press
By
Michael Bolden
|
May 13, 2010; 8:59 AM ET
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Posted by: yetanotherpassword | May 13, 2010 10:06 AM | Report abuse
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Tax increases to fund the bonds in 3..2.1...