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TIFIA

U.S. Transportation Secretary Foxx Announces $60 Million Loan for U.S. 36 in the Boulder-Denver Region

WASHINGTON – U.S. Transportation Secretary Anthony Foxx today announced a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for $60 million that will help pay for the reconstruction of U.S. 36 express lanes in the Boulder-Denver area, bringing congestion relief to drivers throughout the region.  The TIFIA loan announced today is in addition to an earlier $54 million TIFIA loan provided to Colorado to rebuild U.S. 36, bringing the Department’s total support for the project to $114 million.

New connections, opportunities for L.A. commuters

I was thrilled to be back in Los Angeles yesterday on behalf of Secretary Foxx to sign a $670 million grant award with the Los Angeles County Metropolitan Transportation Authority (LACMTA) for a truly game-changing project called the Regional Connector.

And it was great to be joined on this red-letter day by Senator Dianne Feinstein, Congressman Xavier Becerra, Congresswoman Lucille Roybal-Allard, and Mayor Eric Garcetti— all great champions for public transportation.

This is the latest in a growing list of public transportation projects transforming this region for the better by improving access to jobs, education, health care, and other ladders of opportunity that help hard-working residents achieve their dreams...

Photo of celebrants at Regional Connector grant announcement

TIFIA helps L.A. continue to bridge opportunity divide

Los Angeles, California, is our nation's second largest city, with a population of 3.8 million people. But the L.A. Metropolitan area is actually home to more than 12 million people, and if we cast our net just a bit wider to cover what's called the Greater L.A. Combined Statistical Area--the 3rd largest CSA in the world after New York and Tokyo--we're talking about nearly 18 million people. And the region continues to grow.

You don't have to be an engineer to know that creating a transportation system that can move that many people safely, reliably, and efficiently is an enormous challenge.

At DOT, we’ve been proud to support a number of transit projects in Los Angeles, from the Regional Connector Project to the Westside Subway Extension. And on Tuesday, I was proud again to join U.S. Senator Barbara Boxer, L.A. Mayor Eric Garcetti, and others to help break ground on another piece of the Southland's transportation puzzle: the Los Angeles County Metropolitan Transportation Authority's Crenshaw light rail line.

Photo of Crenshaw line groundbreaking

U.S. Transportation Secretary Foxx Announces $452 Million Loan for Louisville-Southern Indiana Ohio River Bridges Project

WASHINGTON – U.S. Transportation Secretary Anthony Foxx today announced a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for $452 million to finance the Downtown Crossing section of the Louisville and Southern Indiana Ohio River Bridges Project.

Cooperation, creative financing promise congestion relief in Atlanta

Yesterday, I visited a site that should serve as a reminder, to both Democrats and Republicans, that we can still find common ground. 

The Atlanta metro region enjoys one of the fastest growing populations and economies in the country, which means it also suffers from some of the worst congestion.

To help unjam that traffic, state and local leaders – including leading Republicans like Governor Nathan Deal, and Senators Saxby Chambliss and Johnny Isakson – have worked to build reversible lanes on Atlanta’s Northwest Corridor. And that includes me, a former Democratic Mayor who now serves under a Democratic President.

U.S. Transportation Secretary Foxx Announces $275 Million Loan for Northwest Corridor Project in Atlanta

WASHINGTON – U.S. Transportation Secretary Anthony Foxx joined representatives from the Georgia Department of Transportation in Atlanta today to announce a Transportation Infrastructure Finance Innovation Act (TIFIA) loan for $275 million to build new reversible lanes along I-75 and I-575. The 29.7-mile-long project will relieve congestion along the heavily trafficked corridor during morning and evening peak periods.  The loan will go toward the $833.7 million total cost of the project.

TIFIA loan will keep drivers moving in Texas

New lanes, safety improvements coming to I-35W in Tarrant County

During his public swearing-in, U.S. Transportation Secretary Anthony Foxx said, "We're living in an era in which we have to work harder than we ever have to stretch our transportation dollars even further. The American people are counting on us to be good stewards of their tax dollars—while still maintaining and building the infrastructure they need."

Last week, DOT took another step forward in that mission when the Federal Highway Administration announced a TIFIA loan for I-35W in Tarrant County, Texas. The North Tarrant Express project will relieve one of the Lone Star State’s most congested corridors and improve safety by upgrading the expressway and adding two new lanes in each direction.

State legislators know the value of transportation investments

When we talk in Washington, DC, about the challenge of financing the transportation maintenance and improvements needed in every state in America, members of the National Conference of State Legislators (NCSL) know exactly what we mean.

After all, our state legislators are the ones who have to figure out how to stretch a budget so their state can modernize a key airport. They're the ones who have to cast the difficult votes that mean their state can fix one road but not another...

Innovative transportation projects need innovative financing..like TIFIA

Photo of Secretary Foxx at Senate Committee hearing, courtesy Win McNamee, Getty ImagesYesterday, I made my first Congressional appearance as Secretary where I discussed DOT's TIFIA loan program with the Senate Committee on the Environment and Public Works. Because our Transportation Infrastructure Finance and Innovation Act program (TIFIA) is so effective, it's a subject I'm happy to talk about.

TIFIA loans help projects secure far more funding than just what DOT extends, and this helps American taxpayers get way more bang for their buck. It is exactly the kind of program I was talking about last week when I blogged here about improving efficiency and maximizing the impact of every dollar entrusted to us.

DOT using innovative financing to move passenger rail forward

In cities and towns across the country, rail investments lead to more jobs, increased private sector buy-in, and better infrastructure for everyone. It’s a true win-win-win situation. And to fully realize the potential for rail in America, we must continue investing federal resources and leveraging them with our public and private sector partners.

That's the essence of what I said at a House Committee on Transportation and Infrastructure hearing on Innovative Rail Financing earlier this week. Funding the passenger rail investments America needs is an important challenge; fortunately DOT has a lot to build on.

Photo of new Amtrak Cities Sprinter locomotive built by Siemens in the U.S.

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