RICHMOND Press Release – The leading organizations representing the Virginia transportation construction industry have announced their support today for the Governor’s plan to privatize ABC and put $500 million into transportation projects. The endorsement was issued as a joint release from the Virginia Transportation Construction Alliance, Old Dominion Highway Contractors Association, Associated General Contractors of Virginia, Heavy Construction Contractors Association, Virginia Ready-Mixed Concrete Association, Richmond Area Municipal Contractors Association, and the American Council of Engineering Companies of Virginia. Together, the groups represent more than 500 companies involved in planning and building Virginia’s transportation infrastructure. Today’s backing follows recent endorsements of ABC privatization by the Fairfax County Chamber of Commerce and the Virginia Retail Merchants Association.
The joint release notes, “We believe the revenues from privatization represent a positive first step in building a plan for statewide transportation improvements. Doing so would enable Virginia to continue to offer a high quality of life both for its citizens and for the businesses that depend upon a modern, efficient transportation network. “
Official Release: Virginia Transportation Construction Industry
ABC Privatization Plan a Positive First Step in Building Comprehensive Plan for Transportation Improvements
According to Virginia’s Transportation Construction Industry
Virginia Governor Bob McDonnell’s proposal to dedicate nearly $500 million in one-time revenues from privatization of the state’s ABC operations to transportation is a positive step in beginning to address the Commonwealth’s chronic infrastructure needs.
Virginia’s aging infrastructure requires at least $1 billion a year in new, recurring revenues. Governor McDonnell has stated he understands that his ABC privatization in only one part of an overall solution to provide the dedicated, long-term and sustainable revenues that are critical in order to meet the state’s growing infrastructure needs in the areas of maintenance, new construction, and transit. We believe the revenues from privatization represent a positive first step in building a plan for statewide transportation improvements. Doing so would enable Virginia to continue to offer a high quality of life both for its citizens and for the businesses that depend upon a modern, efficient transportation network.
We appreciate Governor McDonnell’s ongoing commitment to secure a long-term funding solution for the Commonwealth, and we look forward to continuing to work with him to help him fulfill that commitment to the citizens of the Commonwealth.
Posted By Valerie Garner
Categories: Business, Politics, State Politics
Tags: governor, transportation