With industry and state officials pressing for faster U.S. Dept. of Transportation action on Transportation Infrastructure Finance and Innovation Act loans, DOT is taking steps to speed its reviews for the aid, which is viewed as a critical part of financing packages for major highway, bridge and other infrastructure projects.
Senate Environment and Public Works Committee leaders also are weighing in on ways to accelerate the flow of TIFIA funds. At her panel’s July 24 oversight hearing on TIFIA, committee Chairman Barbara Boxer (D-Calif.) said, “We’ve got to get those dollars out the door, make sure they’re the right dollars, but get them out the door because we need the jobs” the projects create.