At long last, VTMRAA is pleased to announce that the following capital projects are underway.
Ground has broken on the Runway Extension, Road Relocation and Huckleberry Trail realignment. This project will be completed in four phases over the next four years. The project entails close coordination between multiple Federal, State and Local agencies.
This project was proceeded by both Federal and State requirements for a full Environmental Assessment and subsequent Planning Engineering and Design for the extension, relocation and realignment project.
VTMRAA is also moving forward at this time with the expansion of both a corporate and t-hangar campus.
Next, VTMRAA has acquired two Bonds in the amount of 2.4 Million for the Authorities share to fund these projects. The debt service on these bonds is amortized over 20 years.
Lastly, VA Tech is breaking ground this week on the New Hokie Hangar, corporate site (1) adjacent to the terminal to the west.