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He also announced the establishment of the Project Finance Center to help state and local government project sponsors analyze financial options for highway, transit, rail, intermodal and other surface transportation projects facing funding challenges.
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.
Read More →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.
Read More →Transportation elements include an underground bus terminal with 22 bays, a light rail station for current and future light rail routes, a commuter rail station that will serve Amtrak and possibly a ski train, and public plazas to integrate transit service.
Read More →The three components of the project - replacing the outdated Transbay Terminal with a modern transit hub; extending the Caltrain rail line 1.3 miles into the heart of the Financial District; and redeveloping the area surrounding the Transbay Transit Center with 2,600 new homes (35 percent affordable), parks and a retail main street - will help to return San Francisco to a culture of mass transit.
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