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lahood

Overwhelming Demand for TIFIA Loans Underscores Need for More Transportation Investment

U.S. Transportation Secretary Ray LaHood today announced that the overwhelming demand for TIFIA (Transportation Infrastructure Finance and Innovation Act) program loans has greatly exceeded the dollars available, underscoring President Obama’s call for greater transportation investment.  The Department of Transportation received 26 TIFIA letters of interest exceeding $13 billion.

U.S. Transportation Secretary LaHood Promotes Obama Administration Vision for High-Speed Rail in Tour of Sacramento Siemens Plant

U.S. Transportation Secretary Ray LaHood was in Sacramento today promoting President Obama’s vision for high-speed rail during a tour of the Sacramento Siemens locomotive plant and in a meeting with California-based manufacturers. Secretary LaHood discussed with suppliers how to maximize the economic impact of the nearly $800 million in next-generation American-made trains being built and purchased this year.

U.S. Transportation Secretary LaHood Affirms Obama Administration Commitment to High-Speed Rail, Discusses Manufacturing Benefits in Meeting with Los Angeles Mayor Villaraigosa and California Business Leaders

U.S. Transportation Secretary Ray LaHood, in a meeting with Los Angeles Mayor Antonio Villaraigosa and local business leaders, today affirmed the Obama Administration’s commitment to California high-speed rail and discussed how investments in high-speed rail are essential to keeping California’s economy moving.