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    1. Management

    NVTA celebrates $1 billion distribution milestone

    Sept. 15, 2023
    The authority has supplied the region with critical funding to address transportation needs for a decade.
    Related To: Northern Virginia Transportation Authority (NVTA)
    NVTA
    NVTA celebrates $1 billion distribution milestone.
    NVTA celebrates $1 billion distribution milestone.

    For the past decade, the Northern Virginia Transportation Authority (NVTA) has distributed $1 billion to its nine member jurisdictions and five towns, supplying the region with critical funding to address its transportation needs.

    "We are delighted to celebrate this milestone as it affirms NVTA’s commitment to promoting regional connectivity by giving localities necessary resources to address specific local concerns, enabling them to transform transportation challenges into opportunities for growth,” said Mayor of Manassas Park and NVTA Finance Committee Chair Jeanette Rishell.

    To date, nearly half of the reported funds have been allocated to transit projects, including investments in bus, rail and bus rapid transit, reinforcing the region’s commitment to improving accessibility for all modes of transportation.

    In 2013, NVTA received a revenue stream following the approval of House Bill 2313 by the Virginia General Assembly, marking the beginning of NVTA’s dedicated effort to enhance transportation infrastructure throughout northern Virginia. Per House Bill 2313, NVTA allocates 30 percent of revenue to the Local Distribution Fund, which is distributed monthly to NVTA’s member jurisdictions to be utilized for transportation purposes of their choice, with 70 percent of the revenue being allocated to the Regional Revenue Fund to support regional transportation projects focused on congestion reduction. NVTA selects these projects through eligibility review, qualitative and quantitative process and public comment.

    Through the Regional Revenue and Local Distribution Funds, NVTA has allocated more than $4.1 billion toward improving the region’s transportation network. NVTA’s allocations are expected to create 42,000 new jobs, save 400 million hours of travel time by 2035 and provide $6 billion in monetary savings for northern Virginia taxpayers.

    NVTA’s member jurisdictions include Arlington County, Fairfax County, Loudoun County, Prince William County and the cities of Alexandria, Fairfax, Falls Church, Manassas and Manassas Park. Additionally, the towns of Dumfries, Herndon, Leesburg, Purcellville and Vienna receive Local Distribution Funds through their respective counties.