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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...