Topic : TIFIA

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Maryland's Purple Line light rail project lands $900M in federal funding

Management & Operations| August 29, 2017

The light rail line will make travel across Montgomery and Prince George’s counties faster and more reliable for thousands of Maryland residents, improving access to major business and activity centers in the state’s most populated counties.

New York lands $537M TIFIA loan for train hall redevelopment

Rail| July 6, 2017

The Moynihan Train Hall will benefit the entire North East Corridor service area, as two-thirds of all NEC rail trips currently pass through Penn Station.

Rail| June 27, 2017

Sound Transit secures $88M loan for light rail ops, maintenance facility

The credit agreement is the first of its kind in the nation in supporting four separate Sound Transit projects. It is expected to yield regional taxpayers long-term savings of between $200 million and $300 million in reduced borrowing costs.

Rail| January 18, 2017

Chicago Union Station redevelopment plan receives fed assistance

The USDOT Build America Bureau and the City of Chicago are entering into an EmPA agreement, under which Chicago can work closely with USDOT with the ultimate goal of seeking up to $1 billion in federal funding for the project.

Rail| January 5, 2017

U.S. DOT commits $1.5B to L.A. Metro Purple Line Extension

Coupled with Metro’s $747 million local match made possible by 2008’s Measure R sales tax, $2.4 billion is now secured to continue construction of one of L.A. County’s most critically needed public transit projects.

Government Issues| January 3, 2017

Energy exec. Klepper to lead new Build America Bureau

The newly created entity within the U.S. DOT streamlines access to federal credit and grant opportunities while providing technical assistance to project planning, financing, delivery, and monitoring.

Management & Operations| December 27, 2016

New U.S. DOT funding tool to provide $2B for Seattle rail projects

Transportation Secretary Anthony Foxx launched the Build America Bureau earlier this year to provide a one-stop-shop for state and municipal governments to find innovative solutions to funding critical infrastructure projects.

Rail| April 4, 2016

Chicago Transit secures $255M TIFIA loan for new railcars

The new vehicles will help meet growing ridership demand and improve security with up-to-date technology. Modernizing CTA’s rail fleet also will improve the reliability of transit service and give passengers a smoother, more comfortable ride.

Rail| February 11, 2015

Chicago's Blue Line receives $120M TIFIA loan

Significant upgrades to the track, power supply, and signal system along the 19-mile stretch of the Blue Line between the Loop and O’Hare Airport stations will reduce and eliminate “slow zones,” resulting in faster, more reliable service.

Government Issues| February 3, 2015

Obama proposes $94.7B U.S. DOT budget

Includes a six-year $478 billion surface transportation reauthorization proposal that would improve America’s highways, ports and transit networks. 

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