The road bond projects under consideration would require up to $400 million of contracted debt to issue general obligation capital improvement bonds to fund the costs for acquisition, design, construction and improvements.
Mobility Bond Projects
To improve the mobility network in the North Woodbridge Area
Description: Projects may consist of various mobility improvements adjacent to Route 1, Route 123, Horner Road, Annapolis Way and Marina Way.
Approximate Project Cost: $165,000,000
Proposed Project Funding: $55,000,000
Existing Funding: $450,000 Local TRIP funds (Annapolis Way). Eligible for other funding,
Project Duration: 5 to 10 years