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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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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.
Read More →The program provides Federal credit assistance to nationally or regionally significant surface transportation projects, including highway, transit and rail.
Read More →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 only new subway opening in the US this year, the D Line Extension represents one of Metro’s top transit priorities and a historic milestone for Los Angeles, with Sections 2 and 3 set to open in 2027.
Read More →The 3.92-mile addition will soon take riders west beyond its current Wilshire and Western station in Koreatown, continuing under Wilshire Boulevard through neighborhoods and communities including Hancock Park, Windsor Square, the Fairfax District, and Carthay Circle into Beverly Hills.
Read More →The extension, which will connect Irving, Texas, with Dallas Fort Worth Airport, is part of a long-term effort to create a 90-mile light rail network by 2014 to serve the Dallas metropolitan area.
Read More →Transit authorities throughout the country are quickly becoming big-time developers…and in more ways than one might have ever thought possible.
Read More →The package will total $3.84 billion for six projects. It includes a new TIFIA loan for the Downtown Redmond Link Extension, and refinancing of five previously approved loans under improved terms.
Read More →The Moynihan Train Hall will benefit the entire North East Corridor service area, as two-thirds of all NEC rail trips currently pass through Penn Station.
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