SF�s Transbay Transit Center Project Receives Federal Loan
The Transbay Transit Center project in San Francisco reached another important milestone as the Transbay Joint Powers Authority recently closed on the $171 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan for the project.
The loan was made possible based on the TJPA�s sound finance plans, favorable audits and positive credit reviews�requiring an investment grade credit rating, the authority says. The loan will fund 14% of the project�s $1.2 billion Phase I capital costs to build the new Transbay Transit Center project on Mission and First streets. The project is funded through local, state, and federal funding sources.