The Center for Innovative Finance Support Project Delivery Team provides assistance to transportation agencies in delivering complex transportation improvements and oversees specific procedures mandated by Congress to help enhance cost estimating, financial planning, and project management practices for all major projects with a total project cost of $500 million or more receiving Federal funding. Throughout the project delivery process, access to accurate and updated cost estimates is essential to legislative bodies and transportation officials as they make strategic decisions on advancing projects. The processes overseen by the Center for Innovative Finance Support Project Delivery Team assist in maintaining and disseminating accurate and realistic cost estimates. The Center for Innovative Finance Support also offers technical assistance to help agencies overcome project delivery challenges.
35Express - Dallas, Texas
The 35Express project includes nearly 30 miles of improvements to heavily congested I-35E between US 380 in Denton and I-635 in the northwest corner of Dallas. The $1.4 billion Phase 1 of $4.8 billion in planned improvements will add new general purpose lane capacity, two reversible tolled managed lanes (express lanes), continuous frontage roads, and various interchange and bridge improvements along much of the corridor. Financing includes a mix of federal funds, regional toll revenues, and a $285 million TIFIA loan.
Alaskan Way Viaduct - Seattle, Washington
The Alaskan Way Viaduct is an elevated section of State Highway SR 99, one of two major North-South corridors in the City of Seattle. Its reconstruction comprises two sections of replacement, one with a new viaduct section and another with a bored tunnel, as well as repairs and enhancements to a third viaduct section. This major project's financial plan includes Federal, state, and local funding, including revenue from increases in Washington State's motor fuel tax as well as toll proceeds.
Central Texas Turnpike System - Austin, Texas
The Central Texas Turnpike System, now simply referred to as Austin Area Toll Roads, consists of three contiguous toll highways serving the Austin metropolitan region and the Austin-San Antonio corridor: SH 45 North, Loop 1, and SH 130 (Segments 1-4). State and local funding sources were combined with a Federal TIFIA loan to finance the project. SH 130 (Segments 1-4) was delivered via a design-build contract procured through Texas' first application of legislation permitting expanded private sector involvement.
Chicago O'Hare International Airport Consolidated Rental Car Facility and Airport Transit System Extension - Chicago, Illinois
This project is a multimodal transportation center consisting of a Consolidated Rental Car Facility (CONRAC) with an associated Quick Turn Around facility, an extension to the Airport Transit System (ATS), including the purchase of new ATS vehicles, and a public parking component. The CONRAC will serve as a major access point for O'Hare International Airport and will accommodate rental cars, public parking, bus services, off-airport hotel shuttles, and other commercial shuttles with connectivity to the adjacent O'Hare Metra Rail station and the Chicago Transit Authority O'Hare Blue Line station through use of the ATS.
Chicago Region Environmental and Transportation Efficiency Program (CREATE) - Chicago, Illinois
The CREATE project is an innovative collaboration between freight railroads, the State of Illinois DOT, the City of Chicago DOT, Metra, and Amtrak. CREATE is maximizing the use of four train transportation corridors, including three primarily handling freight traffic and one primarily handling passenger traffic. The project involves 70 improvements, including rail, auto, and pedestrian grade separations using new overpasses and underpasses, as well as viaduct improvements, grade crossing safety enhancements, and extensive upgrades of tracks, switches and signal systems.
Cooper River Bridge Replacement - Charleston, South Carolina
The Cooper River Bridge Replacement project replaced two functionally obsolete bridges - the Grace Memorial and Pearman Bridges - along US 17 over the Cooper River, connecting the cities of Charleston and Mount Pleasant, South Carolina. Financing for the new Arthur Ravenel Jr. Bridge relied on the state's infrastructure bank, which provided a grant and loan backed by TIFIA.
Delaware U.S. Route 301 - Northern Delaware
U.S. Route 301 in Northern Delaware is being upgraded to a four-lane, limited access toll road on new location, replacing the existing two-lane route. The 12.5-mile toll road will extend from the Maryland/Delaware state line to SR-1 and will eventually include a 4.5-mile Spur Road extending to SR-15/SR-896. The purpose of the project is to improve safety and relieve congestion problems in the corridor. Fatality rates on the existing roadway are significantly higher than statewide and national averages. Funding for the project will mostly come through the sale of bonds (GARVEEs and toll revenue bonds) and a TIFIA loan backed by toll revenues, achieving the state's goal of minimizing any use of funds from the State Transportation Trust Fund.
Elizabeth River Tunnels (Downtown Tunnel / Midtown Tunnel / MLK Extension) - Cities of Norfolk and Portsmouth, Virginia
The Downtown Tunnel / Midtown Tunnel / MLK Extension (Elizabeth River Tunnels) consists of five construction components involving three facilities in the Hampton Roads region of Virginia. The $2.1 billion project is being constructed on a design, build, finance, operate, and maintain (DBFOM) concession basis by Elizabeth River Crossings LLC (ERC) composed of Skanska Infrastructure Development and Macquarie Group. ERC will operate the concession for 58 years. Tolling of the existing Midtown and Downtown Tunnels to help finance the project began in February 2014.
East Link Extension - Seattle, Washington Metropolitan Area
The $4.031 billion East Link Extension and included I-90 Two-Way Transit and HOV Operations project will provide a new 14.5-mile Light Rail Transit (LRT) line across Lake Washington linking the Eastside communities of Redman and Bellevue with Mercer Island and Downtown Seattle and eight miles of High Occupancy Vehicle (HOV) lanes across the I-90 Floating Bridge. This multimodal program will be paid for with an innovative financial plan backed by federal, state, local and private stakeholders.
Gerald Desmond Bridge Replacement Project - Long Beach, California
The Gerald Desmond Bridge Replacement Project is the replacement of the existing bridge, a major access point to the Port of Long Beach, downtown Long Beach, and surrounding communities in the Los Angeles region. The replacement bridge will be a six-lane, cable-stayed structure with a bicycle/pedestrian path, and a 205-foot clearance to accommodate the newest generation of cargo ships accessing the Port. The project is being delivered on a design-build basis and is financed through Port of Long Beach funds, federal, state and local contributions, and a TIFIA loan.
Goethals Bridge Replacement -Staten Island, New York to Elizabeth New, Jersey
The Goethals Bridge project is the reconstruction of a new six-lane, cable-stayed bridge adjacent to the existing bridge and the demolition and removal of the existing bridge. The reconstructed bridge will include a bicycle/pedestrian lane along the northern edge of the New Jersey bound side, as well as a central area between eastbound and westbound lanes to accommodate future transit service. The project is being delivered as a 40-year, design-build-finance-maintain (DBFM) public-private partnership (P3) concession by the NYNJ Link Partnership. The project was financed with a TIFIA loan, private activity bonds, and equity from the private partner.
Grand Parkway (SH 99) Segments D-G - Houston Metropolitan Area, Texas
Grand Parkway (SH 99) Segments D-G is a four lane, 53-mile segment of the planned 180-mile circumferential Grand Parkway toll highway around the Greater Houston Metropolitan Region. This portion includes five segments, situated along the northwest portion of the parkway alignment from just south of I-10 to I-69/US 59N (Eastex Freeway). Project financing includes a TIFIA loan and toll revenue bonds.
Hiawatha Light Rail Transit - Minneapolis/St. Paul, Minnesota
The 12-mile, 17-station Hiawatha Light Rail system links downtown Minneapolis with Minneapolis-St. Paul International Airport and the Mall of America. The project utilized two separate design-build contracts for light: one for rail vehicles and one to place rail and signal and communication equipment along the alignment. Due to high risk levels, tunnels and stations bored below the airport were procured using the traditional design-bid-build model.
Hudson-Bergen Light Rail - Hudson/Bergen Counties, New Jersey
The $1.0 billion, 9.5-mile initial operating segment was procured using innovative 15-year DBOM contract, resulting in an estimated 8 years in savings compared to a traditional multiple design-bid-build approach. The contract was later renegotiated to cover Segments II ($1.2 billion) and III ($100 million) that extended the rail another 7 miles, adding 8 stations.
I-4 Ultimate - Orlando, Florida
The I-4 Ultimate project is the reconstruction and widening of 21 miles of I-4 from west of Kirkman Road in Orange County, Florida through downtown Orlando to east of State Road 434 in Seminole County. The project is adding four express toll lanes to median of the rebuilt stretch of interstate through a 40-year design-build-finance-operate-maintain availability payment concession, financed in part by a senior bank debt, a TIFIA loan, and private equity.
I-15 Corridor Reconstruction Project - Salt Lake City, Utah
The Interstate 15 reconstruction was the Utah Department of Transportation's first design-build procurement. The project involved the reconstruction of 16.2 miles of interstate mainline and the addition of new general purpose and high-occupancy-vehicle (HOV) lanes through the Salt Lake City metropolitan area.
I-269 Corridor - DeSoto and Marshall Counties, Mississippi
I-269 in DeSoto and Marshall Counties, Mississippi is the 25-mile, Mississippi portion of a new partial circumferential highway around the Memphis, Tennessee metropolitan region that itself is a portion of the federally mandated I-69. The majority of the project cost is being covered by locally-issued bonds supported by federal and state transportation funds.
I-77 HOT Lanes - Charlotte, North Carolina
The I-77 HOT Lanes project will add 26 miles of variably priced managed lanes along I-77 and I-277 in Charlotte, North Carolina north through Mecklenburg and Iredell Counties. The project is being delivered as a 50-year design, build, finance, operate and maintain concession between the North Carolina Department of Transportation and Cintra Infraestructuras, S.A. Financing includes a mix of Private Activity Bonds, a TIFIA loan, public funding, and an equity contribution.
I-93 Reconstruction: Salem to Manchester - Southern New Hampshire
The I-93 Improvements from Salem to Manchester project involves the reconstruction and widening of a 19.8-mile segment of I-93 in southern New Hampshire from the Massachusetts state line in Salem to the I-293 interchange in Manchester. It is being funded through proceeds from GARVEE bonds, federal and state highway funds, turnpike toll credits, and a TIFIA loan.
I-95 HOV/HOT Lanes - Fairfax, Prince William, and Stafford Counties, Virginia
The I-95 Express Lanes will be the second step in creating a regional network of tolled managed lanes in Northern Virginia. The project consists of the development, design, finance, construction, maintenance and operation of 29.4 miles of high occupancy toll lanes along I-95 and I-395 from Garrisonville Rd. in Stafford County to Edsall Rd. in Fairfax County over a 76-year concession period.
I-285/SR 400 Interchange Reconstruction - Fulton and DeKalb Counties, Georgia
The I-285/SR 400 Interchange Reconstruction project will rebuild the I-285/SR 400 Interchange and make improvements along 10 miles of I-285 and SR 400 roughly 13 miles north of Atlanta. The improvements will be made to an interchange that handles over 400,000 vehicles daily while maintaining all travel lanes and movements in the peak period. The state will provide a design-build-finance partner with funds to cover roughly one-quarter of the project cost upfront. The private partner will finance the remaining project cost and will be repaid by the state following project completion.
I-495 Capital Beltway HOT Lanes - Fairfax County, Virginia
The I-495 Capital Beltway HOT Lanes project is a P3 between VDOT and Capital Beltway Express, LLC, a joint venture of Fluor and Transurban. Improvements include 14 miles of twin HOT lanes in each direction, the replacement of more than 50 bridges and overpasses, and interchange upgrades. Financing includes the first-ever combination of TIFIA credit assistance and private activity bonds (PABs).
I-595 Corridor Roadway Improvements - Broward County, Florida
The I-595 Corridor Roadway Improvements project consisted of the reconstruction and widening of 10.5 miles of the I-595 mainline from the I-75/Sawgrass Expressway to I-95. The project has been implemented as an availability-payment P3 between FDOT and a private concessionaire, I-595 Express, LLC, to design, build, finance, operate, and maintain the roadway for a 35-year term. The concessionaire's financing, backed by these availability payments, includes senior bank debt, a TIFIA loan, and private equity.
IH 635 Managed Lanes - Dallas County, Texas
The IH-635 (LBJ Freeway) Managed Lanes Project relieves congestion north of Dallas on a 13-mile stretch of the LBJ Freeway through the reconstruction of its main lanes and frontage roads and addition of six managed lanes along I-635 (subsurface) and I-35E (elevated). The project has been delivered as a P3 between TxDOT and LBJ Infrastructure Group, which will operate and maintain the facility for 52 years.
Intercounty Connector - Maryland
The 18-mile, 6-lane Intercounty Connector (ICC) is a toll highway in Maryland connecting I-270 in Gaithersburg and US 1 in Laurel. The road links existing and proposed development areas between the I-270/I-370 and I-95/US 1 corridors within central and eastern Montgomery County and northwestern Prince George's County, north of Washington, DC. The project is largely supported by GARVEE and toll revenue bonds, as well as a TIFIA loan and State Transportation Trust Fund and General Fund revenues.
Iway (I-195 Relocation Project) - Providence, Rhode Island
Iway is composed of 16 individual projects that relocated a 45-year-old 1.6-mile stretch of I-195 and an adjacent 0.8-mile portion of I-95 through Providence, Rhode Island. This $610 million project was financed through GARVEE and motor fuel tax revenue bonds and has won national acclaim for its project management and bridge design and construction. Twenty newly-recovered acres of prime downtown real estate is currently being redeveloped.
Katy Freeway Reconstruction - Houston, Texas
TxDOT undertook a major five-year reconstruction of a 12-mile section of the east-west Katy Freeway from west of SH 6 to the I-10/610 interchange west of Houston. The reconstruction widened the Katy to provide six general purpose highway lanes in each direction and two variably priced high occupancy toll lanes in the median of the highway. The financing of the $2.8 billion project has involved an innovative collaboration between TxDOT and the Harris County Toll Road Authority, combining toll-backed debt with more traditional grant funding.
Loop 202 South Mountain Freeway - Phoenix, Arizona
The Loop 202 freeway, also known as the South Mountain Freeway, is a 22-mile, 8-lane freeway that will complete the Loop 202 and Loop 101 freeway system in the southwestern quadrant of the Phoenix metropolitan area. The $1.8 billion project has been procured as a P3 where the selected design-build team will also maintain the roadway under a 30-year agreement once it opens in late 2019 or early 2020.
Louisiana TIMED Program - Louisiana (statewide)
The TIMED (Transportation Infrastructure Model for Economic Development) Program was a $5.2 billion transportation infrastructure program designed to increase economic development in Louisiana by investing in transportation improvement projects. The innovative capital program was financed by a 4-cent gas tax and expedited by a partnership with a private program manager.
Midtown Express (SH 183 Managed Lanes) - Dallas-Fort Worth Metroplex
The Midtown Express, formerly the SH 183 Managed Lanes Project, will add tolled express lanes and reconstruct portions of State Highway 183, SH 114 and Loop 12 northwest of Dallas, Texas. The project is being delivered using an innovative public-private partnership structure that combines design-build with a short-term receivables (gap) financing and long-term operations and maintenance.
Miami Intermodal Center - Florida
Located next to the Miami International Airport (MIA), the Miami Intermodal Center is a large ground transportation hub incorporating a Rental Car Center, the Miami Central Station serving local rail transit, commuter rail, Amtrak, and intercity bus transit, major roadway improvements, the MIA Mover and future joint development. Federal, state, and local funding supported this $2 billion program.
Monroe Expressway - Mecklenburg and Union Counties, North Carolina
The Monroe Expressway will be a new, 20-mile all-electronic toll road in Mecklenburg and Union Counties, North Carolina. The Bypass will provide a high-speed alternative to US 74 in the region. The project is supported through a variety of bond proceeds, including GARVEEs.
New NY Bridge (Tappan Zee Bridge Replacement) - Westchester to Rockland Counties, New York
The "New NY Bridge" will replace the Tappan Zee Bridge spanning the Hudson River between Westchester and Rockland Counties 20 miles north of New York City. The new bridge is a tolled, eight-lane, dual-span twin bridge, being constructed alongside the current bridge to provide the least traffic disruption to users. The project is being delivered under a design-build contract and is financed with a combination of bonds and a TIFIA loan. The project is expected to be completed in 2018.
North Tarrant Express (I-820 and SH 121/183) - Dallas-Fort Worth Metroplex
TxDOT entered into a public-private partnership with NTE Mobility Partners for the design, construction, finance, maintenance, and operation of 13 miles of roadway improvements along I- 820 and SH 121/SH 183 north and east of Fort Worth. The duration of the concession for this first phase of the North Tarrant Express (NTE) is 52 years. The roadway is being reconstructed with the addition of two managed lanes and an additional general purpose lane in each direction. Under a separate agreement, the private partner examined other segments in the region for development as part of the NTE, leading to a third agreement to pursue the NTE 35W Project.
North Tarrant Express 35W Project - Dallas-Fort Worth Metroplex, Texas
The North Tarrant Express (NTE) 35W Project consists of the design, construction, operations, and maintenance of approximately 12 miles of managed lanes, associated improvements to adjacent cross-roads, frontage roads, and ramps, and the intelligent transportation systems (ITS) and tolling systems on two segments of I-35W in Fort Worth, Texas. Segment 3A is being designed and constructed via a public-private partnership between the Texas Department of Transportation (TxDOT) and the NTE Mobility Partners. TxDOT is responsible for the financing and construction of Segment 3B, excluding tolling and ITS. The concessionaire will perform operations and maintenance for the entire facility, including the 3B portion constructed by TxDOT.
Northwest Corridor - Atlanta, Georgia
The Northwest Corridor project will include extensions of existing HOV lanes and the addition of reversible tolled managed lanes along sections of nearly 30 miles of I-75 and I-575 northwest of Atlanta. The nearly $850 million project is being delivered using a design-build-finance approach.
Ohio River Bridges Downtown Crossing - Louisville, Kentucky/Southern Indiana
The Ohio River Bridges Downtown Crossing project is one half of the bi-state Ohio River Bridges project, which also includes the East End Crossing project, that together are addressing cross-river capacity and mobility needs in the greater Louisville-Southern Indiana region. The project consists of the new Abraham Lincoln Bridge carrying northbound I-65 across the Ohio River between Louisville and Southern Indiana. In the background is the existing Kennedy Bridge that carries the southbound lanes. The Downtown Crossing project also includes the reconstruction of the Kennedy Interchange in downtown Louisville to eliminate design deficiencies and safety hazards. The project has been delivered an availability-pay design-build-finance-operate-maintain concession.
Ohio River Bridges East End Crossing - Southern Indiana/Louisville, Kentucky
The Ohio River Bridges East End Crossing project is one half of the bi-state Ohio River Bridges project, which also includes the Downtown Crossing project, that together are addressing cross-river capacity and mobility needs in the greater Louisville-Southern Indiana region. The project consists of a new East End Bridge and approaches connecting I-265/KY 841 in Kentucky to I-265/SR 265 in Indiana. The project has been delivered an availability-pay design-build-finance-operate-maintain concession.
Pennsylvania Rapid Bridge Replacement Project - Pennsylvania (statewide)
The Pennsylvania Rapid Bridge Replacement Project is replacing 558 structurally deficient bridges throughout the commonwealth over a three-year period. The private partner, Plenary Keystone Partners, will design, construct, and finance the project; and then maintain the bridges for 25 years. The project is financed with the largest transportation private activity bond issued to date in the U.S., together with PennDOT milestone payments and private partner equity.
Port of Miami Tunnel - Florida
The Port of Miami Tunnel improves access to and from the Port of Miami, serving as a dedicated roadway connector linking the Port (located on an island in Biscayne) with the MacArthur Causeway and I-395 on the mainland. The project has been developed as a P3 with Miami Access Tunnel, LLC (MAT). The state has paid for approximately 50 percent of the capital costs (design and construction) and all operations and maintenance, while local governments provided the remaining 50 percent of the capital costs. FDOT made milestone payments to MAT at various stages of project development and is now making availability payments during a 30-year concession. Senior bank debt, a TIFIA loan, and private equity have been used to finance the project.
President George Turnpike - North Dallas, Texas
The President George Bush Turnpike (PGBT) is a six-lane 30.5-mile circumferential toll highway connecting various cities in the northern part of Dallas County and portions of neighboring Denton and Collin Counties. This original segment opened in phases between 1998 and 2006. It was the first project to benefit from USDOT's TE-045 innovative finance provisions including a Section 129 loan, partial conversion of advance construction, and the use of flexible match. Construction on a 9.9-mile Eastern Extension began in October 2008 and was opened in December 2011. Financing for the extension included toll-backed revenue bonds and other state and local resources.
President George Bush Turnpike Western Extension (SH 161) - Dallas, Texas
State Highway (SH) 161, the President George Bush Turnpike Western Extension (PGBT WE), provides a new, approximately 11.5-mile link between SH 183, I-30, and I-20 as part of a western loop around Dallas through the cities of Irving and Grand Prairie south of Dallas-Fort Worth International Airport. This toll road was completed in four phases. The first three were constructed by TxDOT and the remaining phase and overall ownership and operation became the responsibility of the North Texas Tollway Authority under a concession agreement signed in 2008.
Presidio Parkway - San Francisco, California
The Presidio Parkway project is a replacement of Doyle Drive, the southern access to the Golden Gate Bridge. The existing structure, built in 1936, did not meet current highway standards and was seismically deficient. Through a competitive procurement process, Caltrans selected a private consortium to deliver Phase II as an availability-pay design, build, finance, operate, and maintain availability-pay concession.
SH 130 (Segments 5-6) - Austin, Texas Metropolitan Area
SH 130 is a four-lane, 91-mile toll road east and south of Austin designed to relieve congestion on the heavily traveled I-35, the primary north-south route through Central Texas. Segments 5 and 6 have been developed through a 50-year concession (Comprehensive Development Agreement) with the SH 130 Concession Company (a joint venture of Cintra and Zachry American Infrastructure). They were financed with senior bank debt, a TIFIA loan, and private equity. Segments 1-4 were constructed under a design-build project as part of the Central Texas Turnpike System.
SH 288 Toll Lanes - Houston, Texas
The SH 288 Toll Lanes project is located in Harris County, Texas and involves the development, design, construction, financing, operation, and maintenance of four new toll lanes that stretch 10.3 miles along the median of SH 288, which extends from downtown Houston south toward the Gulf of Mexico. The P3 DBFOM concession also includes the maintenance of the existing general purpose lanes along the corridor. The concessionaire's financing includes a combination of private activity bonds, a TIFIA loan, private equity, and public funding for direct connector ramps to the Texas Medical Center.
South Bay Expressway (formerly SR 125 South Toll Road) - San Diego County, California
The South Bay Expressway toll road is a 9.2-mile privately-funded southern extension of SR 125, extending from SR 905 near the International Border to SR 54 near Sweetwater Reservoir in San Diego, California. The original operator, South Bay Expressway, L.P., held a 35-year franchise with the State of California under which it financed and built the highway, then transferred ownership to the State. The concessionaire emerged from bankruptcy in April 2011 as South Bay Expressway, LLC, and sold the toll road to the San Diego Association of Governments in December 2011.
South Carolina 27 in 7 - South Carolina
This statewide effort from 1999 to 2008 accelerated the implementation of 200 highway improvement projects worth over $5.0 billion from 27 to 7 years. The South Carolina DOT entered into partnerships with two private construction and resource management firms to undertake strategic planning and financial management and coordinate design and construction activities, all without augmenting the size of the state agency.
Southern Ohio Veterans Memorial Highway - Portsmouth to Lucasville, Scioto County, Ohio
The Southern Ohio Veterans Memorial Highway is a 16-mile, four-lane, limited access highway providing motorists with an alternative route around the city of Portsmouth in South Central Ohio, saving 10 miles of travel and up to 16 minutes per trip. The project is Ohio's first DBFOM availability payment concession and has benefited from TIFIA and PAB financing, as well as Appalachian Development Highway System funds.
SR 91 Corridor Improvement Project - Riverside County, California
The SR 91 Corridor Improvement Project is an eight-mile extension of the Orange County SR 91 Express Lanes east into Riverside County through conversion of existing HOV lanes. Two general purpose lanes will also be added, along with improvements made to interchanges and bridges. The project is supported by a TIFIA loan and is almost exclusively paid for with local funding through a combination of toll revenue and voter-approved county-level sales tax proceeds.
SR 520 Bridge Replacement and HOV Program - Seattle, Washington Metropolitan Area
SR 520 is one of two major east-west roadways crossing Lake Washington, located within King County and the Seattle metropolitan area in the State of Washington. The SR 520 Bridge Replacement and HOV Program includes the replacement of the existing floating bridge across Lake Washington, the widening of the roadway to the east and accommodation of a transit/HOV lane, and several projects to the west making improvements from I-5 on the Seattle side to the floating bridge's west approach. Project financing includes toll-backed revenue bonds and a TIFIA loan supported by tolls collected on the existing and replacement bridges, in combination with other federal and state funding.
Transbay Transit Center - San Francisco, California
The Transbay Transit Center Project will replace the current Transbay Terminal with a new multimodal transportation center and centralize the region's transportation network by accommodating nine transportation systems under one roof, as well as California High Speed Rail and an underground pedestrian connection to the Embarcadero BART/Muni station. The project consists of replacing the outdated Transbay Terminal with a modern transit hub, extending the Caltrain rail line from its current terminus and accommodating future high-speed rail, and redeveloping the area surrounding the Transbay Transit Center.
Tren Urbano - San Juan, Puerto Rico
The Tren Urbano is a 10.7-mile, fully automated rapid transit that serves the metropolitan area of San Juan, which includes the municipalities of San Juan, Bayamón, and Guaynabo. The Tren Urbano consists of 16 stations along a single line, a vehicle maintenance and storage facility, rolling stock, and other supporting infrastructure.
Triangle Expressway - Raleigh-Durham, North Carolina
The 18.8-mile Triangle Expressway, composed of three sections, provides congestion relief on existing north-south routes serving the Research Triangle Park region (including I-40) between Raleigh and Durham. Project financing included toll and state revenue bonds and a $387 million TIFIA loan.
Wekiva Parkway - Orlando Metropolitan Region, Florida
The Central Florida Expressway Authority is constructing 10 miles of the planned 25-mile Wekiva Parkway that will complete the beltway around northwest metropolitan Orlando. A TIFIA loan is helping to accelerate completion of these sections of toll highway from 2019 to 2018.