Passenger Authority Created in Virginia

Virginia lawmakers have approved legislation to create a rail authority in the New River Valley region of the state.

The legislation, which has been signed by Gov. Ralph Northam, would create a regional passenger-rail station authority to assist in the creation and maintenance of passenger rail in the New River region

The authority will be able to to enter into revenue sharing agreements and to issue revenue bonds.

It will be governed by a board consisting of members of each participating municipality and institution of higher education.

The efforts to create the authority began more than six years ago.

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