A technical review board of experts, with additional ad-hoc participation by cooperating state and federal agencies, was established by DCR to provide advice and expertise throughout the development of the study. In accordance with this legislative direction, Applied Weather Associates (AWA), on behalf of the Virginia Soil and Water Conservation Board, completed a statewide PMP study for Virginia. The results shall be considered by the Virginia Soil and Water Conservation Board in its decision to authorize the use of the updated PMP values in Probable Maximum Flood calculations, thus replacing the current PMP values.” The PMP revisions shall be based on accepted storm evaluation techniques and take into account such factors as basin characteristics that affect the occurrence and location of storms and precipitation, regional and basin terrain influences, available atmospheric moisture, and seasonality of storm types. The legislation directed “hat the Department of Conservation and Recreation, on behalf of the Virginia Soil and Water Conservation Board, shall utilize a storm-based approach in order to derive the Probable Maximum Precipitation (PMP) for locations within or affecting the Commonwealth. The 2014 Virginia General Assembly passed (House Bill 1006 and Senate Bill 582) and the governor approved on Ap(Chapters 475 and 489 of the 2014 Virginia Acts of Assembly) legislation that authorized a new Virginia Probable Maximum Precipitation Study to be completed by Dec. The two projects have common traffic and tolling management systems and will share the same operations center/operator.Home » Dam Safety And Floodplains » PMP Background Probable Maximum Precipitation Study Background The 95 Express will be linked directly into the 495 Express Lanes at the Springfield Interchange. The Sponsors, together with VDOT, are also partners on the 495 Express Lanes project. ![]() TIFIA credit agreement was executed on November 20, 2012 Taylor De-Jongh - TIFIA Financial Advisor.Orrick, Herrington & Sutcliffe LLP - Legal Advisor.Virginia Department of Rail and Public Transportation * A TIGER III (Transportation Investment Generating Economic Recovery) grant is used to pay the subsidy cost of the loan to the federal government.ĭesign-build-finance-operate-maintain Toll Concession (76 years) TIFIA Capitalized Interest - $6.5 million Total Cost - $922.6 million (excluding $25.4 million in early development costs already incurred by VDOT)Ĭommonwealth of Virginia Grant - $82.6 million In many areas, the project will provide first-time, direct HOV and transit access to these destinations. Belvoir, Quantico Marine Corps Base, and the Pentagon, while providing a reliable pathway for transit vehicles and carpools to travel throughout the region. The new managed lanes will provide congestion relief and connectivity to users travelling to and from major employment centers in Northern Virginia, such as Tysons Corner and Washington, D.C., and five major military sites, including Ft. 2.2 miles of two-lane HOV conversion - three-lane reversible (including connection to 495 Express Lanes at the Springfield Interchange).11.9 miles of two-lane HOV conversion - three-lane reversible.7.0 miles of two-lane HOV conversion - two-lane reversible.8.3 miles of new construction - two-lane reversible (includes 7 new brides).The project is divided into four segments: in Fairfax County over a 76-year concession period. The project consists of the development, design, finance, construction, maintenance and operation of 29.4 miles of High Occupancy Vehicle (HOV)/High Occupancy Toll (HOT) Lanes along I-95 and I-395 in Northern Virginia, from Garrisonville Rd. The I-95 Express Lanes will be the second major step in creating a regional network of tolled managed lanes in Northern Virginia. Virginia Department of Transportation (VDOT)ĩ5 Express Lanes LLC (the Concession Company and TIFIA borrower) Fairfax, Prince William, and Stafford Counties, Virginia
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