ÎÚÑ»´«Ã½

U.S. DOT announced this week the award of a Transportation Infrastructure Finance Innovation Act (TIFIA) loan for $275 million to Georgia DOT to build 29.7-miles of new reversible lanes along I-75 and I-575. The loan will go toward the $833.7 million total cost of the project. This is the fourth TIFIA loan to be approved by DOT under the new funding provided to this program since enactment of MAP-21. This transportation authorization legislation increased TIFIA funding from $122 million in previous years to $1.75 billion for fical years 2013 and 2014. Several other loans are close to final approval. ÎÚÑ»´«Ã½ testified before the Senate Environment and Public Works Committee earlier this year encouraging DOT to speed up the approval process.