News Item

You are here

U.S. Department of Transportation Announces a $628.93 Million Loan to Orange County Transportation Authority Toward Funding the I-405 Improvement Project

U.S. Transportation Secretary Elaine L. Chao announced on July 26, 2017, that the Department of Transportation’s Build America Bureau will provide up to a $628.93 million Transportation Infrastructure Finance and Innovation Act loan to the Orange County Transportation Authority, at 2.91% with a term of 35 years after substantial completion for the I-405 Improvement Project.  More details are available in this press release.

Updated: Friday, July 28, 2017
Submit Feedback >