FY2025 Proposed 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: 12/1/2033

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

2025

2026

2027

2028

2029

2030 Costs After

Studies / Surveys

292,448 881,400

292,448

Land

881,400

Site Improvement - NonBldg

1,175,200 2,484,664 14,615,432

1,175,200

Architect/Engineering

2,192,320 292,344

Construction

14,615,432

Inspectors - County Project Management

877,032 219,336

877,032

219,336

Total Cost:

20,545,512

511,784 2,192,320 17,841,408

Funding Schedule:

Project Total

Prior Budget

Categories

2025

2026

2027

2028

2029

2030 Costs After

Trans from General Fund General Obligation Bonds

1,704,104 18,841,408 20,545,512

511,784 1,192,320

1,000,000 17,841,408

Total Cost:

511,784 2,192,320 17,841,408

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