The Office of Innovative Program Delivery (IPD) provides tools, expertise and financing to help the transportation community explore and implement innovative strategies to deliver costly and complex infrastructure projects.
IPD offers coordinated assistance with:
Source: LA Metro
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. The project sponsor, the Los Angeles County Metropolitan Transportation Authority (LACMTA), will receive $1.25 billion in construction grant funds from the Federal Transit Administration's (FTA) Capital Investment Grant (CIG) Program and up to $856 million from the U.S. Department of Transportation's (DOT) Transportation Infrastructure Finance and Innovation Act (TIFIA) loan program.
Read the full Press Release (May 21, 2014)
Source: Chicago Transit Authority
Today Transportation Secretary Anthony Foxx 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. The project will rehabilitate the current 95th Street Bus and Rail Terminal, which dates from 1969, with an expanded modern facility. Located at the terminus of the 9.4 mile Dan Ryan Branch of the CTA Red Line, the project will providing thousands of Chicago residents with better, safer access to jobs and education.
Read the full Press Release (April 25, 2014)