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TIFIA

President Obama launches Build America Transportation Investment Center

President Obama has been very clear that we need to do more to improve our infrastructure in order to create jobs, provide certainty to states and communities, help American businesses, and grow our economy. With the GROW AMERICA Act we sent to Congress in May, we've presented a concrete, long-term proposal that would do just that and pay for it by closing unfair tax loopholes and making common-sense, pro-business tax reforms.

While we wait for Congress to take action, the President will continue to use all the tools at the Administration's disposal to protect our nation's long-term economic security where we can. And there is no question that America's transportation infrastructure is one area where we have both the need and the opportunity to make a significant and lasting impact.

That's why today, under a failed bridge on I-495 in Delaware, the President announced the Build America Investment Initiative to increase infrastructure investment and economic growth.

One part of that initiative that we're particularly proud of at DOT is the Build America Transportation Investment Center, our new one-stop shop for state and local governments, public and private developers, and investors seeking financing strategies for transportation infrastructure projects...

U.S. Department of Transportation Celebrates $2.1 Billion in Grant and Loan Funds to Extend Subway Service in West Los Angeles

WASHINGTON – U.S Transportation Secretary Anthony Foxx today announced $2.1 billion in federal grant and loan agreements to help build the 3.9-mile Westside Purple Line Extension from downtown Los Angeles to the City of Beverly Hills—expanding transit options in one of the most congested corridors in Los Angeles County.

President Obama visits New NY Bridge, a model of project delivery, innovative financing

This afternoon, I had the great privilege of joining President Obama at theTappan Zee bridge, where work is underway to replace this nearly 60-year-old bridge with a new one, appropriately called the New NY Bridge. There, the President demonstrated his ongoing commitment to making 2014 a year of action by releasing a comprehensive plan to further accelerate project delivery by expanding his permitting reform efforts.

Fast Lane readers might recall that federal agencies completed the permitting and review for the New NY Bridge--a process that can take as long as 5 years--in about 1.5 years. So, it's a terrific example of how we can meet the Administration's goal of cutting timelines for major projects in half--and in this case even more than that.

Photo of President Obama at Tappan Zee Bridges
Photo courtesy Peter Carr, The Journal News

Today, more commuters and commercial vehicles use this bridge than ever before – more than 138,000 vehicles a day--that's a 30 percent jump in traffic from 1990.  We know that for them, every day counts until they get a new bridge....

U.S. Transportation Secretary Foxx Announces $79 Million TIFIA Loan for Chicago’s 95th Street Bus and Rail Project

WASHINGTON – U.S. Transportation Secretary Anthony Foxx today announced the closing of a $79 million Transportation Infrastructure Finance Innovation Act (TIFIA) loan to the Chicago Transit Authority (CTA) for the 95th Street Bus and Rail project.

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.

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