Build America Bureau

“We’re excited to give some of the most promising INFRA finalists a chance to receive a TIFIA loan instead, so we can help advance transformative infrastructure projects all across the country,” Deputy Transportation Secretary Polly Trottenberg said.

First ‘INFRA Extra’ Projects Unveiled

Nationwide, 44 projects that applied for but were not awarded 2021 INFRA competitive grant funding are now INFRA Extra designees, eligible for credit assistance of up to 49% of costs, according to the U.S. Department of Transportation.

Artist Rendering of the Lynwood Link Light Rail Extension’s Mountlake Terrace Station, which is due to open in 2024.

Sound Transit: $3.84B in TIFIA Loans for Project Advancement

Sound Transit will receive up to $3.84 billion in Transportation Infrastructure Finance and Innovation Act (TIFIA) loans to finance the Downtown Redmond Link Extension and refinance five additional projects, the U.S. Department of Transportation reported Sept. 17.

New York City’s Moynihan Train Hall opened for Amtrak and MTA Long Island Rail Road service Jan. 1. The $1.6 billion project received $525.1 million in TIFIA program assistance.

USDOT Issues New Guidance on TOD Project Funding

The U.S. Department of Transportation’s (USDOT) Build America Bureau has clarified the eligibility of transit-oriented development (TOD) projects for funding under the Transportation Infrastructure Finance & Innovation Act (TIFIA) and Railroad Rehabilitation & Improvement Financing (RRIF) programs.