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Tag: TIFIA loan
Roadbuilding
I-66 Outside Beltway project gets $1.2 billion federal loan
A plan to add express lanes to 23 miles of Interstate 66 in Northern Virginia got one-third of the funding the project needs through a $1.2 billion loan from the U.S. Department of Transportation. “Today’s milestone of achieving a TIFIA loan will allow the express lanes project on I-66 Outside the Beltway to move ahead, […]
October 24, 2017
Roadbuilding
USDOT provides $628.9 million TIFIA loan for I-405 Improvement Project
The U.S. Department of Transportation (USDOT) is providing a $628.9 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Orange County Transportation Authority (OCTA) for the Interstate 405 Improvement Project. The project will add one new general-purpose lane and one new toll lane in each direction of a 16-mile stretch of I-405 between SR […]
August 2, 2017
Roadbuilding
USDOT provides $537.1 million TIFIA loan for Penn Station improvements
The U.S. Department of Transportation’s (USDOT) Build America Bureau (BAB) is providing a $537.1 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the New York State Urban Development Corporation D/B/A Empire State Development (ESD) for the Moynihan Train Hall Redevelopment Project. The project aims to ease congestion at New York City’s Penn Station. […]
July 7, 2017
Roadbuilding
USDOT provides $338.5 million TIFIA loan for Chesapeake Bay Bridge-Tunnel expansion
The U.S. Department of Transportation (USDOT will provide a $338.5 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to finance a new tunnel at Thimble Shoal Channel on the Virginia side of the Chesapeake Bay Bridge-Tunnel (CBBT). The CBBT opened to traffic April 15, 1964, with one lane traveling in each direction. Parallel bridges […]
November 17, 2016
Roadbuilding
FHWA’s $357 million TIFIA loan to add 4 toll lanes to SH 288 in Houston
The Federal Highway Administration (FHWA) is providing a $357 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to Blueridge Transportation Group to add four toll lanes to SH 288 in Houston, Texas. The new toll lanes for SH 288 will cover more than 10 miles from US 59 to Harris County and will include ramps […]
May 4, 2016
Roadbuilding
USDOT awards $194 million infrastructure loan for part of Orlando’s Wekiva Parkway
A project that will help complete a beltway around metro Orlando’s northwest side is getting $194 million loan through the Transportation Infrastructure Finance and Innovation Act (TIFIA), the U.S. Department of Transportation announced. Five of the planned 14 sections of the Wekiva Parkway will be funded through the loan. When completed, the nearly $2 billion toll […]
March 30, 2015
Roadbuilding
Rep. Webster introduces bill aimed at improving TIFIA program
Rep. Daniel Webster (R-Fla.) has introduced a bill that aims to improve the Transportation Infrastructure Finance and Innovation Act (TIFIA) program, Politico reports. The bill, dubbed the TIFIA2.0 Act, would change the way projects are selected for TIFIA loans by looking at how each project would affect taxpayers. The bill also includes language that would […]
June 23, 2014
Roadbuilding
U.S. DOT to provide $325 million TIFIA loan for California’s Gerald Desmond Bridge replacement
The U.S. Department of Transportation is providing a $325 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to help pay for the Gerald Desmond Bridge replacement project in Long Beach, Calif., Transportation Secretary Anthony Foxx announced last week. The $1.2 billion project — a joint effort of the California Department of Transportation (Caltrans) and […]
May 26, 2014
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