WASHINGTON - U.S. Transportation Secretary Ray LaHood today announced that the overwhelming demand for TIFIA (Transportation Infrastructure Finance and Innovation Act) program loans has greatly exceeded the dollars available, underscoring President Obama's call for greater transportation investment. The Department of Transportation received 26 TIFIA letters of interest exceeding $13 billion.
"President Obama has challenged us to build an economy that works for everyone, and the tremendous demand for TIFIA loans shows how much communities across America want to upgrade their roads, transit and rail," said Secretary LaHood. "We have critical transportation work that needs to be done and Americans who are ready to do the work."
Read the full Press Release. (February 15, 2012)
FY 2012 TIFIA Letters of Interest Submitted