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The legislation maintains funding at current levels, reforms the nation's transportation programs to make them more efficient and provides robust assistance for transportation projects under the Transportation Infrastructure Finance and Innovation Act (TIFIA) program to leverage state, local and private-sector funding, according to the EPW.
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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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