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Will receive $1.25 billion in construction grant funds from the FTA's Capital Investment Grant Program and up to $856 million from the U.S. DOT's TIFIA loan program.
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As part of the CTA 2013-2017 Capital Improvement Plan, the 9.4 mile Dan Ryan Branch of the CTA Red Line is being fully reconstructed. Improvements to the terminal will mean better bus and rail connections and reduced travel congestion and delays.
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The Crenshaw/LAX transit corridor project consists of a new 8.5-mile light rail line, eight new transit stations, and three park and ride facilities. TIFIA provided a $545.9 million loan and the project also is expected to receive approximately $130 million in other federal funds.
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Features a simple, user-friendly interface and continues the committee’s rebranding, incorporating the use of “transport” in an identifiable new logo and across media platforms.
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In July, Congress passed a new two-year bill – MAP-21. Highlights contained include an expanded TIFIA program as well as streamlined New Starts and project delivery processes.
Read More →The program provides Federal credit assistance to nationally or regionally significant surface transportation projects, including highway, transit and rail.
Read More →Will use loan to fund a portion of its contribution to the project and will begin drawing on the funds in 2013. In addition to FTA's contribution to the project, a consortium of private companies, known as the Denver Transit Partners, is responsible for financing around 24% of the project through tax-exempt private-activity bonds issued by RTD, equity contributions and other means.
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The $267 million InterLink provides for the area's first-ever connection between local bus service and the airport, rail service and rental cars. The FHWA provided $124.6 million in direct funding and the U.S. DOT provided a $42 million loan from its TIFIA program.
Read More →The project is funded with a unique financing structure and for the first time combines credit assistance from both the RRIF and TIFIA programs.
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