I’m hearing the sounds of road construction in my head. That’s because Transportation Secretary Ray LaHood announced late last week that the Obama administration will make $17 billion available for loans to construct transportation projects.
The money is part of an expansion of the Transportation Infrastructure Finance and Innovation Act (TIFIA) program in the recently approved $105 billion transportation bill, the Moving Ahead for Progress in the 21st Century Act (MAP-21).
What’s that mean for us locally? We’re not sure yet so I’ll keep an eye on the topic and report back as discussions develop. In the meantime, here’s more on TIFIA from The Hill.