Recent Streetsblog USA posts about TIFIA

Credit Rating Agencies Uneasy About Toll Roads as Americans Drive Less

By Tanya Snyder | Aug 5, 2013 | 18 Comments

Toll roads aren’t the cash cows they used to be. The assumption that the roads will “pay for themselves” is no longer a reliable one, and credit rating agencies are taking notice. In Orange County, California, traffic on the San Joaquín Hills toll road is half what was projected. A recent toll road extension outside […]

At First Hearing, Foxx Defends Projects That Advance the “Public Good”

By Tanya Snyder | Jul 25, 2013 | 2 Comments

Should the nation’s largest infrastructure loan program finance projects that make the transportation system more productive and efficient? Hell no, says Senator David Vitter, ranking member of the Senate Environment and Public Works Committee. Hundreds of millions of dollars should be available to any old project that comes along, as long as it has a […]

Expanded, Simplified TIFIA Still Greasing the Gears of Highway Expansion

By Angie Schmitt | Jul 8, 2013 | 3 Comments

A federal loan awarded to a California highway illustrates how TIFIA, the “innovative” transportation financing program that was expanded as part of MAP-21, is still funding business-as-usual highway projects. U.S. DOT announced last week that it would back California’s SR 91 highway expansion in suburban Los Angeles with $421 million in low-interest loans. The project […]