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In
December 2003, the
Virginia Department of
Transportation (VDOT) signed a Comprehensive
Agreement under the Public-Private Transportation Act of 1995 (PPTA)
with
Branch Highways, Inc.
to develop, design, and construct improvements to U.S. Route 58
from Hillsville to Stuart. Branch Highways has received
notice to proceed from VDOT for Phase I of this corridor,
consisting of approximately 2.7 miles of new four lane divided
highway bypassing the community of Meadows of Dan and completing
a new crossing of the Blue Ridge Parkway. Authorization
for subsequent phases is anticipated in the future as funding is
identified.
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U.S. Route 58 Corridor
Development Program
This highway improvement
program was enacted by the Virginia general Assembly in 1989,
envisioned "Super 58", a four lane divided highway connecting
the entire southern corridor of Virginia from Virginia Beach
west to Big Stone Gap. This corridor improvement program
was seen as vital to provide viable commercial access, expand
development opportunities, and create a seamless east-west
freeway for the traveling public. By completing the
segment between Hillsville and Stuart, Branch Highways will
complete "Super 58" from Virginia Beach to I-77, and by
extension to I-81 and destinations north, south, and west. |
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Project Benefits
Branch Highways' Route 58
project under the PPTA when completed will produce distinct
benefits to Virginia and the Region. |
Lower Overall Project Cost
Each phase will be performed on a fixed-price, fixed-completion
date schedule, with a dramatically reduced potential for costly
overruns, through Branch Highways' assumption of risks
Accelerated
Corridor Completion
Using PPTA in partnership with VDOT, Branch Highways expects to
complete the Hillsville-Stuart corridors 10 years sooner than
traditional processes. |
Improved Traveling Safety
Use of defined performance standards and extended warranties
will produce higher quality, lower-maintenance construction.
Economic
Enhancement
Complete connection of Route 58 corridor to I-77 will provide
new incentive and opportunity for development in the local
region and provide a less-congested alternative route to the
Tidewater parts and resort destinations. |
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