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Another $91 million of WV road bonds ready to go to market


Charleston Gazette-Mail

West Virginia Secretary of Transportation Tom Smith speaks at a news conference about upcoming Interstate 64 construction Friday, April 6, at the east Hurricane rest stop.
(HD Media photo by Taylor Stuck)

CHARLESTON, W.Va. — Another $91 million in bonds are ready to go to market, part of West Virginia’s “Roads to Prosperity” highways construction initiative, after state officials approved the bond sale resolution Monday.

That follows the sale of $220 million in GARVEE bonds in September, and the sale of nearly $800 million in highways general obligation bonds in May. In August, the state Parkways Authority is set to market the first $172 million in Turnpike bonds as part of the initiative.

The round of GARVEE bonds approved Monday — which are financed through Federal Highways Administration annual payments to the state — will fund 36 projects around West Virginia, including 18 bridge replacements or repairs.

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