As the Trump administration continues to work on its promised $1-trillion infrastructure investment plan, it is expected to recommend increasing funds for the long-standing federal Transportation Infrastructure Finance and Innovation Act (TIFIA) program, which provides low-interest loans to help finance a range of transportation projects.
TIFIA loan recipients testifying at a recent Senate Environment and Public Works Committee hearing on the program said the loans have been important in financing their projects. But they see shortcomings in TIFIA and have recommended steps that they say will broaden its appeal and make it run more smoothly. (View webcast of hearing.)