DOT Launches $17B Transportation Infrastructure Fund

Law360, New York (July 27, 2012, 3:31 PM EDT) -- The U.S. Department of Transportation has made roughly $17 billion in project and infrastructure financing available to private companies through the largest transportation infrastructure finance fund in the agency's history, the DOT said Friday.

Transportation Secretary Ray LaHood announced the loans as part of the Transportation Infrastructure Finance and Innovation Act (TIFIA) program, which provides direct loans, loan guarantees and standby lines of credit to major domestic infrastructure projects. A wide range of transportation projects such as rail, public transit, and bridge and tunnel construction are...
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