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TIFIA

U.S. Department of Transportation Announces $46 Million Loan for Austin’s Manor Expressway Project

WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the U.S. Department of Transportation’s Build America Bureau will provide up to a $46.94 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Central Texas Regional Mobility Authority (CTRMA).  The loan is for the 290E Manor Expressway Phase III Project.“This $46 million investment will help reduce congestion at a major intersection along US 290 Expressway, and will also improve...

U.S. Department of Transportation Announces $605 Million Loan for Houston’s Grand Parkway Project

WASHINGTON – U.S. Secretary of Transportation Elaine L. Chao today announced that the U.S. Department of Transportation’s Build America Bureau will provide up to a $605 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Grand Parkway Transportation Corporation (GPTC) in Houston.  The loan is for the Grand Parkway Project’s H & I Segments. “This government investment of $605 million will help regional and local agencies develop the infrastructure that...

U.S. Department of Transportation Announces $152.2 Million Loan to Riverside County Transportation Commission Toward Funding the I-15 Express Lanes Project

 WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the Department of Transportation’s Build America Bureau (Bureau) will provide a $152.2 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Riverside County Transportation Commission (RCTC), at 2.84% with a term of 35 years after substantial completion for the I-15 Express Lanes Corridor Project (Project).The Project will be built along a 14.6-mile corridor of Interstate 15 (“I-15...

U.S. Department of Transportation Announces $99.6 Million Loan to the City of Bellevue, Washington for the Belred Street Network Project

WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the Department of Transportation’s Build America Bureau (Bureau) will provide a $99.6 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the City of Bellevue, Washington, at 2.86% with a term of 35 years after substantial completion to finance the completion of the BelRed Street Network Project (the Project).The City of Bellevue is developing the Project, a combination of 12...

U.S. Department of Transportation Announces $338.5 Million Loan to Expand Virginia’s Chesapeake Bay Bridge-Tunnel

 
WASHINGTON - U.S. Transportation Secretary Anthony Foxx today announced that Department of Transportation’s Build America Bureau will provide a $338.5 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to finance the construction of a new tunnel  at Thimble Shoal Channel on the Commonwealth of Virginia’s Chesapeake Bay Bridge-Tunnel.
The Parallel Thimble Shoal Tunnel Project will construct a new 5,700 foot bored tunnel connecting two southbound...

U.S. Department of Transportation will provide a $285 Million Loan to expand I-35E in the Dallas Metro Area

WASHINGTON - U.S. Transportation Secretary Anthony Foxx today announced that the Texas Transportation Commission will receive a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for $285 million to finance the reconstruction and expansion of a section of I-35E in the Dallas metro area.The TIFIA loan program is now administered by the Department of Transportation’s new Build America Bureau (Bureau), a "one-stop shop" to help streamline credit and grant opportunities for...

U.S. Transportation Secretary Foxx Announces Creation of the Build America Bureau

 WASHINGTON – U.S. Transportation Secretary Anthony Foxx announced today that the U.S. Department of Transportation (DOT) has established the Build America Bureau, which will drive transportation infrastructure development projects in the United States by streamlining credit and grant opportunities while providing technical assistance and encouraging innovative best practices in project planning, financing, delivery, and monitoring. “The Build America Bureau will be a one-stop shop to help...

U.S. Department of Transportation Announces a TIFIA Loan of $874.6 Million for the Maryland Purple Line Project

 WASHINGTON – U.S. Transportation Secretary Anthony Foxx today announced a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan of $874.6 million to Purple Line Transit Partners, LLC, for implementation of the Maryland Purple Line.  The TIFIA loan will support the construction of the light rail line connecting Montgomery and Prince George’s Counties, MD.“The Washington metropolitan region is one of the most congested areas in the country, and viable transportation...

U.S. Transportation Secretary Foxx Announces $200 Million Loan to Build New Lanes on New Hampshire’s Interstate 93

WASHINGTON – U.S. Transportation Secretary Anthony Foxx today announced a $200 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan from the Federal Highway Administration (FHWA) to finance the construction of additional lanes and improvements on New Hampshire’s I-93 from Salem to Manchester.“The TIFIA loan will help New Hampshire embark on an ambitious project that will create more opportunity for communities along the corridor,” said Secretary Foxx. “As seen in our...

U.S. Transportation Secretary Foxx Announces $357 Million TIFIA Loan to Build New Lanes on Houston’s SH 288

WASHINGTON – U.S. Transportation Secretary Anthony Foxx today announced a $357 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan from the Federal Highway Administration (FHWA) to finance the construction of four new toll lanes on State Highway (SH) 288 in Houston, Texas.
“The TIFIA loan program is designed to help communities like Houston begin projects like this – a project that they would have otherwise had to wait years to start,” said Secretary Foxx. “...