The program was established in the FAST Act to fund critical freight and highway projects across the country.
The USDOT Build America Bureau and the City of Chicago are entering into an EmPA agreement, under which Chicago can work closely with USDOT with the ultimate goal of seeking up to $1 billion in federal funding for the project.
Coupled with Metro’s $747 million local match made possible by 2008’s Measure R sales tax, $2.4 billion is now secured to continue construction of one of L.A. County’s most critically needed public transit projects.
The newly created entity within the U.S. DOT streamlines access to federal credit and grant opportunities while providing technical assistance to project planning, financing, delivery, and monitoring.
Transportation Secretary Anthony Foxx launched the Build America Bureau earlier this year to provide a one-stop-shop for state and municipal governments to find innovative solutions to funding critical infrastructure projects.
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