Virginia Department of Transportation Awards Construction Contract to Fukoku Korea (July 2026)

The Commonwealth Transportation Board approved $850,000 in Economic Development Access funds to extend Beaver Creek Drive in Patriot Centre Industrial Park supporting Fukoku Korea’s new manufacturing plant. Henry County will administer the project and must provide matching funds, right of way, and a surety tied to at least $2,550,000 in capital investment by 2031.

Scope & details

The full contract record, as filed.

Contract amount

$850,000 ($700,000 unmatched and $150,000 matched)

Contract type

CONSTRUCTION

Renewal date

2031-09-16

Renewal

Bond or other surety provided by Henry County must not expire before 2031-09-16 and may be released or reduced upon documentation of at least $2,550,000 in eligible capital outlay; if sufficient capital outlay is not achieved by 2031-09-16, part of the EDA allocation will be credited to capital outlay and the remainder returned to VDOT.

Document type

AgendaPacket

Source document

Commonwealth Transportation Board AgendaPacket Meeting Agenda and Resolutions 2026-09-16

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by Virginia Department of Transportation?

Fukoku Korea was awarded this construction contract by Virginia Department of Transportation, as recorded on July 27, 2026. The contract value is $850,000 ($700,000 unmatched and $150,000 matched).

How much is the Fukoku Korea contract with Virginia Department of Transportation worth?

The Fukoku Korea contract with Virginia Department of Transportation is valued at $850,000 ($700,000 unmatched and $150,000 matched), covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Commonwealth Transportation Board AgendaPacket Meeting Agenda and Resolutions 2026-09-16 (AgendaPacket), dated July 27, 2026 from Virginia Department of Transportation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Fukoku Korea hold?

Fukoku Korea may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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