In August 2015, the Authority embarked on a major update to TransAction 2040, the first in the post-HB 2313 (2013) era. This update is significant as all projects funded with the 70% regional revenues, as provided in the historic HB 2313 (2013) transportation funding bill, must be in the Authority’s long-range transportation plan. HB 2313 generates an estimated $340 million annually in local and regional transportation funding to Northern Virginia.
The updated plan – to be known simply as TransAction – will be adopted in late summer/early fall of 2017 and will inform the Authority’s inaugural Six Year Program covering the FY2018-23 period. The update process is expected to last two years. When adopted, the TransAction update will provide a multi-modal guide for transportation investments in Northern Virginia and will be the mechanism through which over $1 billion will be allocated to much needed regional transportation improvements through fiscal years 2018-2023.
Click here for more about TransAction!
We want to hear from the public on our update to Northern Virginia’s long range transportation plan. Click here to learn how to get involved!
NVTA releases update Benchmark Survey results on what Northern Virginians think about transportation. Click here to learn more about the survey.