Transportation Partnership Opportunity Fund (TPOF)

Transportation Partnership Opportunity Fund (TPOF) assistance is awarded at the discretion of the Governor in the form of grants, revolving loans, or other financial assistance to an agency or local government of the Commonwealth for activities associated with eligible transportation projects. The Virginia Department of Transportation (VDOT) administers TPOF. Projects developed with monies from TPOF do not become private property, but become or remain public property following completion. The transportation improvements have to be accomplished according to VDOT standards and specifications and have to be maintained by the appropriate public entity pursuant to relevant agreements. Contact Laura Farmer Virginia Department of Transportation 804.786.3096 laura.farmer vdot.virginia.gov Eligibility To be eligible for assistance, the applicant must meet all mandatory requirements PLUS one of the other listed criteria: Mandatory requirements: The applicant must be an agency or local government of the Commonwealth. The project addresses the needs identified in the appropriate local transportation plan. PLUS one of the following: The project meets Commonwealth’s Opportunity Fund (COF) economic development criteria. In cases where the project is solely retaining jobs, the project must meet Virginia Investment Performance Grant Program (VIP) economic development criteria. Eligible Applicants : TPOF Financial assistance may be awarded to any agency or political subdivision of the Commonwealth of Virginia. Eligible Projects : The financial assistance may be used for transportation capacity development, on- and off-site; transit, or other transportation access costs beyond the funding capability of existing programs; studies of transportation projects, including but not limited to, environmental analysis, geotechnical and engineering, advance right-of-way acquisition, traffic analysis, toll sensitivity studies, financial analysis, or any else permitted by law. Funds may be used for any transportation project or any transportation facility within the Commonwealth of Virginia. Transportation aspects of economic development projects also eligible for funding through the Revenue Sharing Program, the Economic Development Access program, the Rail Industrial Access program, the Rail Preservation Program, or the Rail Enhancement Program may be eligible to receive TPOF financial assistance. However, it must be demonstrated that such additional funding is necessary. Amounts received from these other funding sources, or used to leverage additional monies from TPOF, may not also be used for the required non-state match. Monies from TPOF are not to be used to supplant existing or programmed funds from other existing public sources, but to support projects and activities beyond the funding capability of existing programs. Process VDOT, in cooperation with the Secretary of Commerce and Trade, will accept applications from eligible applicants for consideration. Applicant reads instructions and fills out an application in its entirety. A copy of the application can be found here . The applicant sends the completed application to VDOT’s Chief Financial Officer Following receipt of the applications and a review by staff to ensure basic statutory requirements have been met, a TPOF Advisory Panel evaluates applications to ensure that applicant(s) meet the transportation and economic development evaluation criteria. Those who do so become eligible to receive assistance, subject to funding availability. In circumstances where the total amount of assistance requested exceeds the total amount of funding available, eligible applications that include applicant matching funds or equity contributions and projects in an advanced state of readiness to proceed will receive priority consideration for assistance. General evaluation criteria:

Transportation Partnership Opportunity Fund (TPOF) assistance is awarded at the discretion of the Governor in the form of grants, revolving loans, or other financial assistance to an agency or local government of the Commonwealth for activities associated with eligible transportation projects. The Virginia Department of Transportation (VDOT) administers TPOF. Projects developed with monies from TPOF do not become private property, but become or remain public property following completion. The transportation improvements have to be accomplished according to VDOT standards and specification