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Policy updates lift limits on TIFIA loans, letting all transport projects finance up to 49% of costs, aiming for faster, cheaper builds.
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Updates to the decades-old rules intend to speed up reviews, cut costs, and fast-track roads, bridges, and broadband projects nationwide.
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The announcement brings the total number of projects approved under the current administration to 1,065, representing approximately $10 billion in federal investment.
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Developed in partnership with Cornell Law School’s Legal Information Institute, this innovative tool is directly integrated with the Federal Motor Carrier Safety Administration regulatory database.
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U.S. DOT cites delays, cost overruns, and funding shortfalls in 310-page review; CHSRA has 37 days to respond before possible grant termination
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In his role as special advisor to the Amtrak board of directors, he will report directly to the rail agency and coordinate closely with the USDOT as he oversees the Penn Station project through a master developer public-private partnership model.
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This year’s Notice of Funding Opportunity brings notable changes to the grant qualification process.
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The awards represent the latest step in the Department’s ongoing efforts to address a large backlog of previously announced but unobligated infrastructure projects.
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Under Secretary Duffy’s direction, the Department is working to accelerate the distribution of funds and address core infrastructure projects, according to a press release.
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The revised scope of the Dock Bridge rehabilitation project will ensure critical safety and reliability elements but remove unnecessary aesthetic costs like enhanced lighting and defer some rehab work where structural elements still have a useful life, according to the USDOT.
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