General Assembly Update
January 14, 2013
Ten Associations representing over 600 companies in the transportation construction and infrastructure field issued this press release today:
January 14, 2013
VIRGINIA’S ROAD AND INFRASTRUCTURE INDUSTRY ASSOCIATIONS, REPRESENTING MORE THAN 600 COMPANIES, CALL GOVERNOR’S TRANSPORTATION FUNDING PROPOSAL A BOLD INIATIVE TO ADDRESS ONE OF VIRGINIA’S MOST PRESSING PROBLEMS
Two years ago when the General Assembly adopted the Governor’s transportation bonding package, everyone acknowledged that a sustainable funding initiative was necessary to meet the Commonwealth’s ongoing transportation needs.
The needs are great, undeniable and growing.
Over the past two years we have seen more than a dozen pieces of long term transportation funding legislation fail.
The Governor’s transportation funding bill is a bold effort to think outside the box, break the gridlock gripping the General Assembly and solve one of Virginia’s most pressing problems. The Governor has looked at the various proposals and now asks all legislators to take two steps toward the middle to reach a compromise. The Governor’s bill has merit and should be given serious consideration.
If all the provisions of the Governor’s bill are adopted by the General Assembly, we will see $3.1 billion in new funding over the next five years for our critical transportation needs. After that, we could see those numbers grow to nearly a billion dollars a year investment in transportation.
The Governor’s proposal is about investing in the Commonwealth’s future…investing in jobs, in economic development, in safety, in our quality of life. When fully implemented, this bill will generate nearly 20,000 jobs, create more than $2.5 billion in economic activity in the Commonwealth and generate over $150 million in new tax revenues. More importantly, this bill will improve mobility, reduce congestion, promote further economic activity, and improve safety on our highways—all factors that will improve the quality of life in Virginia for today and years to come.
Virginia Transportation Construction Alliance
Jeffrey C. Southard
Old Dominion Highway Contractors Association
Hampton Roads Utility and Heavy Contractors Association
Heavy Construction Contractors Association
Richmond Area Municipal Contractors Association
Virginia Ready-Mixed Concrete Association
Virginia Asphalt Association
American Concrete Paving Association
Precast Concrete Association of Virginia
Associated General Contractors of Virginia