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Governor McDonnell Announces: Commonwealth Signs Agreement and Reaches Close to New Route 460 Project in SE Virginia

Governor McDonnell Announces: Commonwealth Signs Agreement and Reaches Close to New Route 460 Project in SE Virginia
Project to greatly improve transportation, create thousands of jobs and have a multi-billion dollar economic impact

RICHMOND - Governor Bob McDonnell announced today that the Commonwealth has reached a commercial and financial close with US 460 Mobility Partners (a partnership of Ferrovial Agroman, S.A. and American Infrastructure) and the Route 460 Funding Corporation of Virginia to finance, design and build a new 55-mile section of U.S. Route 460 in southeastern Virginia. Project development begins immediately for the new $1.4 billion roadway, which has been a top transportation priority locally, regionally and statewide for nearly a decade. The project was developed to address roadway deficiencies, improve safety, accommodate increasing freight shipments and reduce travel delays among many other needs.

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