Commission on the Virginia Alcohol Safety Action Program Awards Financial Services Contract to United States Department of Transportation (September 2026)

Scope & details

The full contract record, as filed.

Contract amount

Aggregate principal amount of TIFIA Bonds not to exceed $196,000,000, plus up to $9,000,000 in converted pre-project completion interest

Contract type

FINANCIAL_SERVICES

Contract term

Authorization effective immediately through September 30, 2027; individual TIFIA loan maturities may extend up to 39 years from the first scheduled principal payment

Renewal date

2027-09-30

Renewal

Resolution authorization remains effective through September 30, 2027; individual loan terms and maturity schedules will be finalized by the Chairperson subject to Treasury Board and Governor approvals.

Document type

Resolution

Source document

Commonwealth Transportation Board Resolution Authorizing Issuance of I-81 Corridor Program Revenue Bonds 2026-09-16

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Commonwealth Transportation Board Resolution Authorizing Issuance of I-81 Corridor Program Revenue Bonds 2026-09-16

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Commission on the Virginia Alcohol Safety Action Program, Virginia$42,547,124, excluding capitalized interestSep 16, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Commission on the Virginia Alcohol Safety Action Program?

United States Department of Transportation was awarded this financial services contract by Commission on the Virginia Alcohol Safety Action Program, as recorded on September 16, 2026. The contract value is Aggregate principal amount of TIFIA Bonds not to exceed $196,000,000, plus up to $9,000,000 in converted pre-project completion interest.

How much is the United States Department of Transportation contract with Commission on the Virginia Alcohol Safety Action Program worth?

The United States Department of Transportation contract with Commission on the Virginia Alcohol Safety Action Program is valued at Aggregate principal amount of TIFIA Bonds not to exceed $196,000,000, plus up to $9,000,000 in converted pre-project completion interest, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Commonwealth Transportation Board Resolution Authorizing Issuance of I-81 Corridor Program Revenue Bonds 2026-09-16 (Resolution), dated September 16, 2026 from Commission on the Virginia Alcohol Safety Action Program. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does United States Department of Transportation hold?

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