- Funding for federally backed loans for transportation infrastructure projects got much larger under the MAP-21 law, and the U.S. Department of Transportation is beating the drum for applications to take advantage of it.
- The Transportation Infrastructure Finance and Innovation Act (TIFIA) program provides support for major projects that will generate enough revenue to pay off loans to enable them.
- Funding for TIFIA went from $120 million in this fiscal year to $750 million in FY 2013, which begins Oct. 1, and $1 billion in FY 2014.
From the article:
A key component in the just passed MAP-21 transportation reauthorization legislation is a significant increase in funds made available through the TIFIA – Transportation Infrastructure Finance and Innovation Act – program. ...