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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.
Read the full Press Release (November 21, 2013)
Photo courtesy Port Authority of New York and New Jersey
U.S. Transportation Secretary Anthony Foxx announced a Transportation Infrastructure Finance Innovation Act (TIFIA) loan of $474 million to build the new replacement for the current Goethals Bridge that connects Elizabeth, New Jersey with Staten Island, New York. The Port Authority of New York and New Jersey (PANYNJ), which operates the bridge, estimates that more than $33 billion in regional goods passes across the bridge each year, and an average of 74,000 vehicles cross the bridge in both directions each weekday. A new cable-stayed bridge, with six 12-foot wide travel lanes, a 12-foot wide outer shoulder and a five-foot wide inner shoulder on each roadway, will replace the existing bridge. The Goethals Bridge is key to accessing Newark Airport from New York City and provides a connection between the New Jersey Turnpike, Routes 1 & 9 and other New Jersey highways, the Staten Island Expressway (I-278), and the Verrazano-Narrows Bridge.
Read the full Press Release (November 5, 2013)