Virginia

Virginia planners determine that express toll lanes on Interstate 66 is best way to cut travel times.

Wilmington Trust hired Joy Holloway as a corporate trust relationship manager in the global capital markets division and will be based in the company's Richmond, Va., office.

Virginia Gov. Terry McAuliffe proposed a two-year budget for fiscal years 2017 and 2018 that includes a total of $2.84 billion in bond financing.

Virginia Gov. Terry McAuliffe said he will include $2.43 billion of bonds in his budget proposal for fiscal 2017 to finance capital projects.

Virginia Transportation Secretary Aubrey Layne opts for P3 financing of a $2.1 billion system of tolled express lanes.

Seven U.S. cities intend to dedicate 10% of their annual budgets toward resilience strategies under a worldwide program designed to fortify urban centers.

Existing P3 arrangement will be expanded by Virginia to include tolls on high-occupancy interstate highway lanes near Washington, D.C.

Virginia Gov. Terry McAuliffe plans to ask lawmakers for approval to issue up to $3.5 billion of bonds for capital needs, including transportation projects.

Virginia’s P3 project pipeline includes seven transportation-related projects that could be financed as public-private partnerships.

Virginia will consider the qualifications of six potential partners before making decision on $2.1 billion upgrade of I-66.