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Financial Plans: Woodrow Wilson Bridge Project 2010 Financial Plan Annual Update Letter

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DOT Logo U. S. Department of Transportation
  Federal Highway Administration

Maryland Office
10 South Howard Street, Suite 2450
Baltimore, Maryland 21201

Virginia Office
400 North 8th Street, Suite 750
Richmond, Virginia 23219

July 1, 2011

Mr. Neil J. Pedersen, Administrator
Maryland State Highway Administration
707 North Calvert Street
Baltimore, Maryland 21202

Mr. Gregory A. Whirley, Commissioner
Virginia Department of Transportation
1401 East Broad Street
Richmond, Virginia 23219

July 1, 2011

Refer To:
HDA-MD
HDA-VA

Dear Messrs. Pedersen and Whirley:

Thank you for submitting the Woodrow Wilson Bridge Project's 2010 Financial Plan Annual Update dated June 23, 2011. We are of the opinion that the plan provides a comprehensive update of the cost, as well as the financial resources needed to complete the project. We hereby acknowledge that the Financial Plan Update meets the requirements outlined in  the FHWA Finance Plan Guidance document dated January 2007.

The total estimated cost to complete the project is now $2.520 billion. The 2010 estimate is about $1.1 million (0.04%) decrease from the cost estimate in the 2009 Annual Update. The decrease over the past year is primarily attributable to the reduction of the Maryland project wide congestion management system budget based on the current cost to complete projection. The 2010 estimate is about $77 million (3.0%) more than the estimated cost when the Initial Financial Plan was developed in 2001. However, the final disposition of excess property acquired for the project will bring the project cost close to the initial estimate. Currently, the project is scheduled to be completed by Spring 2013, no change from the 2009 Annual Financial Plan Update. The initial scheduled completion date for the Project was Spring 2011.

We appreciate the work you and your staff have done in developing this comprehensive update and look forward to continuing our partnership in completing this important transportation improvement project. We realize that annual financial plan updates requires extensive coordination among the States and ask that you adjust your schedule to provide the submission of the next update by December 1, 2011. If you have any questions, please contact us at your earliest convenience.

Sincerely yours,

signature - Hassan Raza

Hassan Raza
Division Administrator

Sincerely yours,

signature - Irene Rico

Irene Rico
Division Administrator

cc:
Shirlene Cleveland, MSHA
Betty Conners, MSHA
John Lynch, VDOT
Jalal Masumi, VDOT
John Lawson, VDOT
Reta Busher, VDOT

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