Related Links: DOT's Federal Register Notice of Funding Availability for TIFIA DOT's TIFIA Home Page The newly enacted transportation bill gives a giant boost to a U.S. Dept. of Transportation loan program for major highway and transit projects. The line is already starting to form for the loans, which could total more than $16 billion over the next two years.DOT's "bank" was created in 1998 by the Transportation Infrastructure Finance and Innovation Act (TIFIA) to provide loans and other credit assistance to help fund large projects. After relatively modest demand in TIFIA's first decade, interest took off in 2010. For
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.