FY2023-FY2028 Adopted Capital Improvement Program

Capital Project Summary

Capital Project Number: RD1074

Activity #:

Capital Project Title: Old National Pike Corridor

Region: New Market

Asset Type: Roads Asset Category: Roads

Year Identified: 2022 Est Completion Date: 12/1/2032

Capital Project Status: Active

Capital Project Description: This project will improve the roadway from Bartholows Road east to the Mount Airy town limits. The project includes construction of on-street bike lanes, geometric improvements, drainage improvements and other safety upgrades to meet current standards for a minor arterial roadway. This corridor serves as an alternate route when incidents occur on I-70 between Mount Airy and New Market. The 2021 ADT on Old National Pike was 8,115 vehicles per day.

Cash Requirement Schedule:

Project Total

Prior Budget

Categories

2023

2024

2025

2026

2027

2028 Costs After

Studies / Surveys

248,800 750,000

248,800

Land

750,000

Site Improvement - NonBldg

1,000,000 1,865,500 12,436,500

1,000,000 1,865,500 12,436,500

Architect/Engineering

Construction

Inspectors - County Project Management

746,200 186,600

746,200

186,600

Total Cost:

17,233,600

435,400 16,798,200

Funding Schedule:

Project Total

Prior Budget

Categories

2023

2024

2025

2026

2027

2028 Costs After

Trans from General Fund General Obligation Bonds

435,400

435,400

16,798,200 17,233,600

16,798,200

Total Cost:

435,400 16,798,200

145

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