TIFIA

U.S. Transportation Secretary Ray LaHood has approved a $545.9 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan that will enable the Los Angeles County Metropolitan Transportation Authority (LACMTA) to advance construction of a new light rail transit line along the Crenshaw corridor that will enhance access to existing transit service throughout Los Angeles.

The U.S. Department of Transportation (DOT) currently has two innovative approaches to transportation investment to support highway and transit projects. DOT administers two credit programs that provide credit assistance for surface transportation investments.