Commonwealth Transportation Board calls for more project oversight after Route 460 problems

VDOT:

“The Commonwealth Transportation Board on Wednesday unanimously approved a resolution calling for better oversight, transparency and risk assessment on public-private partnership transportation projects in the state. Secretary of Transportation Aubrey Layne proposed the resolution as a way to prevent a repeat of problems associated with the troubled $1.5 billion Route 460 project.

The resolution directs the Office of Transportation Public-Private Partnerships and the Virginia Department of Transportation to review all processes, policies and guidelines used to solicit, negotiate and implement such partnerships, called P3s and to more directly involve the CTB in the process.”

~Writes Cathy Grimes of the Daily Press

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