McAuliffe announces settlement on Route 460 project

RICHMOND, Va. (AP) — Virginia will recoup $46 million in a settlement with the builders of a canceled toll road project that’s become a massive boondoggle for taxpayers.

Gov. Terry McAuliffe announced the settlement Thursday. It will also cancel an additional $103 million claim the builders had for the proposed toll road that would parallel the existing U.S. 460 from Suffolk to Petersburg.

After already spending more than $280 million on the project, the Virginia Department of Transportation gave notice in April of plans to terminate the contract. Former Gov. Bob McDonnell’s administration pushed hard for the road. But McAuliffe stopped work on the planned $1.4 billion, 55-mile highway last year after it became clear the road might not get permits it needed from the federal government over concerns about wetlands.

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