OTHERAPPROVED

Richmond Secures Over $37.2M in FY 2027 Street Funding

The Commonwealth Transportation Board authorized $37,234,989.97 in FY 2027 street maintenance funding for Richmond, one of the largest allocations in the state due to its extensive road network. Quarterly payments will support ongoing maintenance, construction, and reconstruction.

Status
APPROVED
Document date
June 16, 2026
Contract type
OTHER
Vendor
RICHMOND
Agency
Virginia Department of Transportation · VA

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Scope & details

The full contract record, as filed.

Contract amount
$37,234,989.97 annually
Contract type
OTHER
Contract term
FY 2027 (effective July 1, 2026 – June 30, 2027), paid quarterly
Renewal date
2027-06-30
Renewal
Annual statutory urban maintenance allocation; FY 2027 funding is effective for this fiscal year, with future amounts recalculated under § 33.2-319 based on updated inventories and CTB-approved rates.
Document type
Resolution
Source document
Commonwealth Transportation Board Resolution Payments to Cities, Certain Towns, and Warren County for Maintenance to Certain Roads and Streets – FY 2027 2026-06-16

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Frequently asked questions

Common questions about this contract, answered from the record.

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

RICHMOND was awarded this government contract by Virginia Department of Transportation, as recorded on June 16, 2026. The contract value is $37,234,989.97 annually.

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

The RICHMOND contract with Virginia Department of Transportation is valued at $37,234,989.97 annually.

What type of contract is this?

This is a government contract, documented as a resolution record.

Where was this contract approved?

This contract appears in Commonwealth Transportation Board Resolution Payments to Cities, Certain Towns, and Warren County for Maintenance to Certain Roads and Streets – FY 2027 2026-06-16 (Resolution), dated June 16, 2026 from Virginia Department of Transportation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does RICHMOND hold?

RICHMOND 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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What is Virginia Department of Transportation currently buying?

Explore Virginia Department of Transportation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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