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The new initiative, “TIFIA 49,” authorizes borrowing up to 49% of eligible project costs for projects that meet certain eligibility requirements, helping more projects get off the ground.
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Projects are expected to spur economic growth in the community by creating 60,000 direct and indirect jobs under the full $1.46 billion contract.
Read More →The first projects authorized under the contract with Parsons Brinckerhoff are the south Red Line track renewal and station improvements projects, with construction costs of $220 million and $44 million, respectively.
Read More →High-speed rail projects across the U.S. were subject to a recent hatchet job on CNN, courtesy of Anderson Cooper and a reporter who hid several key facts, making the projects seem like a waste of money for something nobody wants.
Read More →When speaking about President Obama’s investments in high-speed and intercity passenger rail, Administrator Joseph C. Szabo discussed how 32 states are now moving ahead with 153 rail-development projects, with 44 projects in 16 states, representing close to $3 billion in federal funding, currently under way or set to break ground and other projects coming in on time and on budget.
Read More →The project is one component of Philadelphia’s commitment to hosting the most sustainable national political convention ever.
Read More →During the joint hearing of Senate and House leaders held in Westwood, Calif., Los Angeles Mayor Antonio Villaraigosa urged innovative financing for mass transit projects.
Read More →Proposed Durham/Orange Light Rail Transit Project named one of the best transportation projects in the U.S. in the organization’s national report, “Smart Choices, Less Traffic: 50 Best and Worst Transportation Projects in the United States.”
Read More →Rail projects are being launched in states throughout the country. Much of the funding requires a focus on projects that improve safety while also enhancing and/or upgrading rail infrastructure so the projects reflect that mandate.
Read More →With a surplus of expensive projects competing for a fixed amount of New Starts funding, fiscal pressures will favor small projects.
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