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Build America Bureau

U.S. Department of Transportation Announces $908 Million Loan to Finance the Cotton Belt Corridor Regional Rail Project

WASHINGTON – U.S. Transportation Secretary Elaine L. Chao today announced that the U.S. Department of Transportation’s Build America Bureau (the Bureau) will provide the Dallas Area Rapid Transit (DART) System a $908 million Railroad Rehabilitation & Improvement Financing (RRIF) direct loan for financing the Cotton Belt Corridor Regional Rail Project.“This financing demonstrates the Department’s commitment to serving as a trustworthy partner to regional and local agencies, which are at...

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...