A Step Forward through Changes to TIFIA

Around this time last year, I was wrapping up a national bus tour to galvanize support for long-term transportation funding.  Ten years of short-term extensions to our Highway Trust Fund had left roads and bridges in bad shape – congestion was choking economic growth, business owners were finding it harder to ship their goods, and everyday folks were finding it harder to get to work.

So I hit the road to spread the word. After two bus tours and visits to leaders in 43 states, I’m happy to say that we finally received a long-term bill – the Fixing America’s Surface Transportation (FAST) Act. 

Today we began rolling out changes to the Transportation Infrastructure Finance and Innovation Act, known as TIFIA, that were mandated by the FAST Act.  These changes will allow the Department to expand the types of projects and applicants eligible for TIFIA credit assistance, while also working to streamline the credit review process.

They will allow us to support even more projects with even less money – projects like the Presidio Parkway in San Francisco, the new U.S. 301 in Delaware, and the Cooper River Bridge Replacement in Charleston.

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