Funding & Approvals – Shockoe Valley Streets Improvement Project

Smart Scale Federal Funding (100%) Approved on Fiscal Year 17*

City Council Programming of the Project in August 2015 (Pre-SmartScale Application)

City Council Accepted Partial Funds for Shockoe Valley Project on December 12, 2016

City Council Approval of City State Agreement on January 19, 2017

City Council Adopted the Budget Including Shockoe Valley Project 2017

* VDOT has not put aside any additional funds for the project. If needed, the City will reduce the scope of work or seek additional funding.

Estimated Project Funding

PE (Survey, Environmental, Design):	$4,242,640
RW (Right of Way and Easement Acquisition, Utility Relocation):	$10,000,000
CN (Construction, Oversight, Inspection, Contingencies):	$37,500,360

Total Estimated Project Cost:	$51,743,000
Total Smart Scale Project Funding:	$33,300,000
Total Funded by City of Richmond:	$18,443,000