Tag: Build America Bureau

Roadbuilding

USDOT provides $106.9 million TIFIA loan for C-470 Express Lanes Project

The U.S. Department of Transportation’s (USDOT) Build America Bureau (BAB) is providing a $106.9 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the Colorado High Performance Transportation Enterprise (HPTE) for the C-470 Express Lanes Project. The project is the first phase of an effort to add capacity to the 26-mile C-470 highway that […]

June 16, 2017

Roadbuilding

USDOT provides $99.6 million TIFIA loan to Bellevue’s BelRed Street Network Project

The U.S. Department of Transportation’s (USDOT) Build America Bureau (BAB) is providing a $99.6 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to Bellevue, Washington, for the BelRed Street Network Project. The project is a combination of 12 multimodal roadways planned to support the new BelRed neighborhood in the north part of the city. […]

June 15, 2017

Roadbuilding

Martin Klepper named first executive director of USDOT’s Build America Bureau

The U.S. Department of Transportation (UDOT) has named Martin Klepper as the first executive director of its Build America Bureau (BAB). The BAB is designed to streamline “credit and grant opportunities while providing technical assistance and encouraging innovative best practices in project planning, financing, delivery and monitoring.” Klepper is a senior partner in the Energy […]

January 3, 2017

Roadbuilding

USDOT’s Build America Bureau to help finance $2 billion for Seattle Transit Projects

Four Seattle transit projects could get roughly $2 billion in financing through the U.S. Department of Transportation’s Build America Bureau (BAB). The Central Puget Sound Regional Transit Authority (Sound Transit) and the BAB recently signed a Master Credit Agreement—“a first-of-its-kind arrangement in which the local transit authority will be able to expedite multiple loan requests […]

December 29, 2016

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

Texas gets $285 million TIFIA loan for I-35 expansion near Dallas

The U.S. Department of Transportation (USDOT) is providing a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for $285 million to the Texas Transportation Commission to finance expansion of portions of Interstate 35 near Dallas. The TIFIA loan program is administered by the department’s Build America Bureau, which has the purpose of streamlining credit and […]

November 11, 2016

Roadbuilding

USDOT says FASTLANE grants will leverage $3.6 billion for transportation infrastructure improvements

The U.S. Department of Transportation says the first Fostering Advancements in Shipping and Transportation for the Long-term Achievement of National Efficiencies (FASTLANE) Grants, totaling close to $800 million, will leverage roughly $3.6 billion in transportation infrastructure projects when added to other funding sources from local governments and private sources. The FASTLANE Grants were officially announced last […]

September 13, 2016

Roadbuilding

USDOT launches Build America Bureau to promote transportation infrastructure

The U.S. Department of Transportation (USDOT) has created the Build America Bureau in order to encourage and promote development of transportation infrastructure projects. The bureau is designed to streamline “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 […]

July 25, 2016