Related Links: Links to DOT releases on the five projects Background on TIFIA credit-assistance program The U.S. Dept. of Transportation has selected a total of five major transportation projects in four states to apply for federal loans to help finance their construction.DOT announced on April 24 that it will permit two projects in California and one each in Colorado, Texas and Virginia to apply for loans, loan guarantees or other credit assistance under its Transportation Infrastructure Finance and Innovation Act (TIFIA) program. The department next will review the loan applications for the five projects.TIFIA has become popular among states and in
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.