FINANCIAL_SERVICESAPPROVED

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

The Commonwealth Transportation Board authorized a TIFIA Loan Agreement with the United States Department of Transportation for up to $47.56 million. The financing will support Interstate 81 roadway capacity improvements and bridge replacements under the 2026 Rural Projects—Group One program, with final maturity scheduled for May 15, 2061.

Document date · September 16, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $47,558,147, excluding capitalized interest
Contract type
FINANCIAL_SERVICES
Contract term
Effective date in September 2026; final maturity date May 15, 2061; projected substantial completion date February 16, 2027
Renewal date
2061-05-15
Renewal
Loan agreement provides for repayment through the stated final maturity date; no renewal option is identified.
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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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 Up to $47,558,147, excluding capitalized 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 Up to $47,558,147, excluding capitalized 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?

United States Department of Transportation 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 Commission on the Virginia Alcohol Safety Action Program currently buying?

Explore Commission on the Virginia Alcohol Safety Action Program's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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