Tuesday, August 7, 2012

$17B In Fed Funds Made Available For Transportation Project Loans

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.

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About SRTC

SRTC is the federally designated Metropolitan Planning Organization (MPO) for Spokane County. Urbanized areas with populations exceeding 50,000 people are required to have an MPO. SRTC was formed to address the county's transportation planning needs. It provides coordination in planning between the public, cities, small towns, the county, the state, transit providers, and tribes.

SRTC offers services including transportation monitoring, transportation modeling, census information analysis, travel demand forecasting, historical traffic count analysis, geographic information systems, and trip generation rates.