India, July 8 -- The U.S. Department of Transportation's Build America Bureau has announced a policy update to the Transportation Infrastructure Finance and Innovation Act credit program that will allow all types of transportation infrastructure projects to finance up to 49 percent of eligible costs as authorized by TIFIA legislation.
Due to a long-standing DOT policy, only limited kinds of projects could finance up to 49 percent, while most were capped at up to 33 percent, presenting a roadblock for many project sponsors seeking to build critical infrastructure.
"It's common sense to allow all eligible projects the same access to our low-interest financing opportunities. We are building infrastructure easier, quicker, and cheaper. This u...