As of December 2024, projections estimate total Central Virginia Transportation Fund revenues of approximately $247 million per year or $1.48 billion between 2025 and 2030. 35% of that revenue, or $512.8 million, is set aside for regionally significant projects that are selected by the CVTA through a competitive application process. In order to allocate these funds, state code requires the Authority to develop a prioritization process based on objective analysis that considers the benefits of a project relative to its cost. This framework document serves to outline the process for project selection and allocation.

The CVTA adopted this update to the Framework on January 31, 2025.