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U.S. Department of Transportation Invites Five Projects to Apply for FY 2012 TIFIA Credit Assistance

In response to the Fiscal Year 2012 Notice of Funding Availability (FY 2012 NOFA), DOT received 26 Letters of Interest (LOIs) seeking more than $13 billion in credit assistance to finance approximately $36 billion in infrastructure investment across the country. While TIFIA's limited resources mean that not all of the LOIs can be selected, five projects are being invited to apply for credit assistance. These projects include: the I-95 HOT Lanes project in Northern Virginia; the North Tarrant Express Segments 3a and 3b project in Tarrant County, Texas; the Port of Long Beach Gerald Desmond Bridge project in Long Beach, California; the SR 91 Corridor Improvements project in Riverside County, California; and the US 36 Phase 2 project, between Denver and Boulder, Colorado. The projects invited to apply are well aligned with the TIFIA statutory selection criteria. The invitation to apply does not guarantee that the project will receive assistance. The Department will evaluate each project to determine its creditworthiness and negotiate acceptable terms for providing credit support. Links to the press releases for the five projects invited to apply for TIFIA credit assistance are provided below.
Read the I-95 HOT Lanes Project Press Release
Read the North Tarrant Express Segments 3a and 3b Project Press Release
Read the Port of Long Beach Gerald Desmond Bridge Project Press Release
Read the SR 91 Corridor Improvements Project Press Release
Read the US 36 Phase 2 Project Press Release